Wells Fargo (WFC) Offering Possible 9.89% Return Over the Next 26 Calendar Days

Wells Fargo's most recent trend suggests a bullish bias. One trading opportunity on Wells Fargo is a Bull Put Spread using a strike $50.50 short put and a strike $45.50 long put offers a potential 9.89% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $45.50 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 51.22 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

No sign of mistrust as U.S. clients flock to big banks
Tue, 28 Oct 2014 03:00:00 GMT
Reuters – Benefits perceived by clients, such as the easy availability of cash points and a large branch network, were one of the reasons not to break up the big banks, said the Bipartisan Policy Centre, a centrist research group. “It just revolves around convenience,” said Greg McBride, an analyst at personal finance website Bankrate.com. “There is a disconnect between people's inclination to change financial institutions and their actual practice of doing so.” Bancorp added 4.7 million new deposit accounts in the four years between March 2010 and 2014, a 40 percent rise, the study showed.

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