Wells Fargo & Company (WFC) – stock is trading around $53.62 dollars as of December, 03, 2019 and offering a possible buying price between $54.34 – $57.06. Let’s look at the stocks technical actions using a weekly chart.
2. The stock started the downtrend with the 200 & 50 day moving averages (DMA) bearish cross over back in October 2018.
3. The stock lived below these lines for a long time.
4. The stock price finally caught up with these key support lines and brokeout back in October this year with the 50 & 200 DMAs bullish cross over.
5. The stock had a quick, but a nice run.
6. The stock appears to be in a consolidation, now.
7. The stock is offering possible buying price between $54.34 – $57.06, with a stop loss at $49.99.
This stock is already part of the Stocks Under 100 Dollars pick and performance will be tracked here .
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