Wells Fargo's most recent trend suggests a bearish bias. One trading opportunity on Wells Fargo is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 9.65% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 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 rose above the $55.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Wells Fargo is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Wells Fargo is bearish.
The RSI indicator is at 33.07 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wells Fargo
Treasury Auctions for the Week of Oct. 20
Sun, 19 Oct 2014 23:33:29 GMT
Wells Fargo to Present at The BancAnalysts Association of Boston Conference
Fri, 17 Oct 2014 22:16:00 GMT
Business Wire – Wells Fargo & Company said today that David Carroll, Head of Wealth, Brokerage and Retirement, will present at The BancAnalysts Association of Boston Conference in Boston on Thursday, November 6, at 8:10 a.m.
Final Glance: Banks companies
Fri, 17 Oct 2014 22:03:05 GMT
Final Glance: Banks companies
Fri, 17 Oct 2014 22:03:05 GMT
It was a week of weeks…
Fri, 17 Oct 2014 20:30:00 GMT
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