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
- CNOOC Oil Field Discovery in South China Sea, Grifols Surges 18% After KPMG Approval, and Latest News • IH Market News • 03/08/2024 11:19:59 AM
- Wells Fargo to Launch Autograph Journey(SM) Card Designed for Frequent Travelers • PR Newswire (US) • 03/06/2024 01:03:00 PM
- Futures Pointing To Continued Weakness On Wall Street • IH Market News • 03/05/2024 02:03:27 PM
- Flexible Financing to Provide Access to Rapidly Deployable EV Charging Stations Across the U.S. • Business Wire • 02/28/2024 02:00:00 PM
- Two-thirds of Americans have decreased spending due to economy, Wells Fargo Money Study finds • Business Wire • 02/27/2024 02:00:00 PM
- Doug Braunstein to Join Wells Fargo as Vice Chairman • Business Wire • 02/27/2024 02:00:00 PM
- Expedia Announces 1,500 Job Cuts; Hims & Hers Surges 19.8% Post Financial Results, and More News • IH Market News • 02/27/2024 11:15:07 AM
- Wells Fargo & Company Declares Cash Dividends on Preferred Stock • Business Wire • 02/16/2024 01:15:00 PM
- Wells Fargo to Present at the UBS Financial Services Forum • Business Wire • 02/16/2024 01:00:00 PM
- Wells Fargo Confirms Termination of 2016 OCC Sales Practices Consent Order • Business Wire • 02/15/2024 04:39:00 PM
- Nasdaq Private Market Closes $62.4 Million Series B Financing, Led by Nasdaq, with New Investments from BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo • GlobeNewswire Inc. • 02/08/2024 01:00:00 PM
- Wells Fargo & Company Announces Full Redemption of its Series R Preferred Stock and Related Depositary Shares • Business Wire • 02/06/2024 01:00:00 PM
- Wall Street Highlights: Intel’s Disappointing Quarterly Forecast, PayPal’s New AI Solutions for Merchants, and More • IH Market News • 01/26/2024 01:45:22 PM
- Santander, Ramirez & Co. and Mischler Financial Group Join DirectBooks • PR Newswire (US) • 01/24/2024 01:00:00 PM
- Wells Fargo & Company Announces Common Stock Dividend • Business Wire • 01/23/2024 07:45:00 PM
- Wall Street Highlights: Macy’s Announces Job Cuts, iRobot Shares Plummet Due to Planned Acquisition Block, and More • IH Market News • 01/19/2024 11:09:24 AM
- Wells Fargo on Track for Longest Losing Streak Since December 2018 -- Data Talk • Dow Jones News • 01/18/2024 03:35:00 PM
- Wells Fargo on Pace for Largest Percent Decrease Since May 2023 -- Data Talk • Dow Jones News • 01/12/2024 06:51:00 PM
- Wells Fargo Reports Fourth Quarter 2023 Financial Results • Business Wire • 01/12/2024 11:57:00 AM
- Wall Street Highlights: DocuSign Acquisition Battle, Tesla Berlin Production Halt, and More • IH Market News • 01/12/2024 11:10:50 AM
- New Research from Wells Fargo and The Female Quotient Explores Taboo Topics, Secret Numbers, and Differing Gender and Generations' Relationships to Money • PR Newswire (US) • 01/10/2024 01:03:00 PM
- Wall Street Highlights: Tesla Launches Restyled Model 3, VinFast Unveils Pickup Prototype, and More • IH Market News • 01/10/2024 11:21:31 AM
- New Report Finds Growth of Women Business Owners Outpaces the Market • Business Wire • 01/09/2024 02:00:00 PM
- Wall Street Highlights: HPE and Juniper Networks in Negotiations, Elliott Invests $1 Billion in Match Group, and More • IH Market News • 01/09/2024 11:12:25 AM
- Preview -- Barron's • Dow Jones News • 01/06/2024 11:15:00 PM
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