Tuesday, April 17, 2018 11:56:51 AM
Wells Fargo & Co (NYSE:WFC) is a leading bank holding company in the U.S. and other countries. The stock has been under pressure since January 29, 2018 when it traded as high as $66.31 a share. Since that pivot high, the stock has been steadily declining. Today, WFC stock is trading at $50.91 a share. It should be noted that the stock is now trading below its important 50 and 200-day moving averages. This technical chart position usually indicates further weakness in the stock price near term. Traders must now keep an eye on the $48.00 area as the next major support level. This is where the stock broke out in November 2016. Often, prior breakout levels will be defended when initially retested.
Nicholas Santiago
InTheMoneyStocks
Recent WFC News
- Wells Fargo Bank Decreases Prime Rate to 8.00 Percent • Business Wire • 09/18/2024 08:45:00 PM
- Wells Fargo Expands API Capabilities for its Commercial Banking Business • Business Wire • 09/17/2024 01:30:00 PM
- Volkswagen Financial Services U.S. and Wells Fargo announce cooperation agreement for vehicle purchase financing of Volkswagen, Audi, and Ducati brands in the United States • PR Newswire (US) • 09/16/2024 05:00:00 PM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Wells Fargo Issues Statement on Agreement with OCC • Business Wire • 09/12/2024 06:08:00 PM
- Andrew Barnes Joins Wells Fargo Commercial Banking Team to Lead the Military and Veteran Segment • Business Wire • 09/12/2024 03:00:00 PM
- EBONY is Bringing the Ultimate HBCU Experience to Atlanta with Inaugural Yard Fest in Partnership with Wells Fargo and 300 Entertainment • PR Newswire (US) • 09/09/2024 01:00:00 PM
- Wells Fargo to Present at the Barclays Global Financial Services Conference • Business Wire • 09/03/2024 12:00:00 PM
- Wells Fargo Reaffirms Commitment as Official Bank Sponsor for the 2024 Orange Blossom Classic • PR Newswire (US) • 08/30/2024 12:33:00 PM
- Walmart Sells JD.com Stake, Microchip Suffers Cyberattack, Union Pacific Warns of Strike in Canada, and Latest News • IH Market News • 08/21/2024 12:12:11 PM
- Trimont Signs Definitive Agreement to Acquire Wells Fargo Non-Agency Third-Party Commercial Mortgage Servicing Business • GlobeNewswire Inc. • 08/20/2024 01:16:00 PM
- Wells Fargo Enters into Agreement with Trimont to Sell the Non-Agency Third-Party Servicing Segment of its Commercial Mortgage Servicing Business • Business Wire • 08/20/2024 01:15:00 PM
- FuboTV Soars 12% After Venu Sports Block, Goldman Sachs Lowers U.S. Recession Odds, BHP Ends Chile Strike • IH Market News • 08/19/2024 09:28:19 AM
- Wells Fargo & Company Declares Cash Dividends on Preferred Stock • Business Wire • 08/16/2024 12:00:00 PM
- ASML Rises 7% on Export Waiver; Intel Plans Layoffs, HSBC $3B Buyback Announced, and More • IH Market News • 07/31/2024 09:55:50 AM
- Bridget Engle to Join Wells Fargo as Head of Technology; Tracy Kerrins to Lead Consumer Technology and Generative AI Teams • Business Wire • 07/30/2024 08:00:00 PM
- L'ATTITUDE Partners with Wells Fargo to Celebrate the New Mainstream Economy Powered by U.S. Latinos • PR Newswire (US) • 07/30/2024 01:00:00 PM
- Toyota Reports Another Global Production Decline, Delta Sues CrowdStrike, Meta Launches AI Studio for Custom Chatbots • IH Market News • 07/30/2024 10:00:51 AM
- Wells Fargo Shares Economic Impact from Open for Business Fund • Business Wire • 07/24/2024 01:06:00 PM
- Wells Fargo & Company Increases Common Stock Dividend • Business Wire • 07/23/2024 04:15:00 PM
- Match Group Soars 8% Amid Potential Sale Pressure; Deutsche Bank Anticipates 2Q Loss, and More • IH Market News • 07/16/2024 10:10:09 AM
- Futures Pointing To Initial Strength On Wall Street • IH Market News • 07/15/2024 01:06:36 PM
- U.S. Stocks Move Back To The Upside Following Yesterday’s Downturn • IH Market News • 07/12/2024 08:44:00 PM
- Futures Pointing To Roughly Flat Open On Wall Street • IH Market News • 07/12/2024 01:08:02 PM
- EXPEDIA GROUP, WELLS FARGO AND MASTERCARD ANNOUNCE NEW SUITE OF ONE KEY CREDIT CARDS • PR Newswire (US) • 07/12/2024 01:08:00 PM
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