Wells Fargo's most recent trend suggests a bullish bias. One trading opportunity on Wells Fargo is a Bull Put Spread using a strike $52.50 short put and a strike $47.50 long put offers a potential 10.86% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $47.50 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 67.73 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wells Fargo
November starts a great stretch for Wall Street
Mon, 03 Nov 2014 05:32:12 GMT
Treasury Auctions for the Week of Nov. 3
Mon, 03 Nov 2014 00:29:04 GMT
CEO Mocks Analyst, Refuses To Answer His Question On Public Webcast Because His Stock-Price Target Is Too Low
Sun, 02 Nov 2014 19:14:43 GMT
Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends
Sat, 01 Nov 2014 00:00:00 GMT
Business Wire – The Wells Fargo Advantage Income Opportunities Fund , the Wells Fargo Advantage Multi-Sector Income Fund , and the Wells Fargo Advantage Utilities and
Final Glance: Banks companies
Fri, 31 Oct 2014 22:04:39 GMT
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