Monday, June 05, 2017 12:22:50 PM
Wells Fargo Co (NYSE:WFC) has been steadily declining since March 1st, 2017 when the stock price traded as high as $59.99 a share. Today, WFC stock is trading at $51.99 a share which is about $8.00 lower from the March peak. As you know, the leading financial stocks in the U.S. have been under pressure recently as bond yields have declined.
Where are the key support levels for WFC stock? There are two major chart support levels for the WFC stock price. The first key support area is around the $49.00 level. This level is where WFC broke out in November 2016. The second key support level for WFC stock is around the $45.00 area. This level is major support as it was where the stock broke out of a bearish base. Very often, bearish pattern failures will be major support levels when retested.
Nicholas Santiago
InTheMoneyStocks
Recent WFC News
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ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
