Wells Fargo's most recent trend suggests a bullish bias. One trading opportunity on Wells Fargo is a Bull Put Spread using a strike $51.00 short put and a strike $46.00 long put offers a potential 9.65% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $51.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock dropped below the $46.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Wells Fargo is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Wells Fargo is bullish.
The RSI indicator is at 47.9 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Wells Fargo
Asian stocks rise with Wall Street, eyes on Fed
Wed, 29 Oct 2014 03:02:52 GMT
Asian stocks rise with Wall Street, eyes on Fed
Wed, 29 Oct 2014 03:02:52 GMT
High-grade squeezes in US$10bn before Fed
Tue, 28 Oct 2014 22:36:27 GMT
Reuters – UK Focus – By Mike Gambale and Danielle Robinson NEW YORK, Oct 28 – Borrowers rushed to the high-grade dollar market on Tuesday to raise more than US$10bn ahead of any potential volatility brought on by the Federal …
Final Glance: Banks companies
Tue, 28 Oct 2014 22:14:30 GMT
Final Glance: Banks companies
Tue, 28 Oct 2014 22:14:30 GMT
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