Wells Fargo's most recent trend suggests a bearish bias. One trading opportunity on Wells Fargo is a Bear Call Spread using a strike $51.50 short call and a strike $56.50 long call offers a potential 5.71% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $51.50 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock rose above the $56.50 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 31.87 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wells Fargo
Wells Fargo Reports Another Modest Quarter
Mon, 14 Jul 2014 05:44:07 GMT
Why you shouldn't bet against the banks this week
Mon, 14 Jul 2014 03:03:29 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/Z_fAhvyPnojnYZnrV_iMDw–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@9f4f68a3-e2a7-3bbd-b55b-bdfeef0cee6b_FULL.jpg
Treasury Auctions and Bond Issues Set for the Week of July 14
Mon, 14 Jul 2014 02:28:41 GMT
[$$] Wells Fargo Results Show Lending Fears
Sun, 13 Jul 2014 21:38:43 GMT
Wells Fargo – Solid Results, But What About The Risk-Return Appeal?
Sun, 13 Jul 2014 15:11:14 GMT
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