• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 428187 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1419272115 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1419272115 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Wells Fargo Bullish Moving Average Crossover Alert (WFC)

Published on Thu, 01/24/2013 - 12:08
By Peter Chu

Wells Fargo (NYSE:WFC) crossed over its 10-day moving average of $35.08 on a volume of 10.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Wells Fargo share prices have moved between a 52-week high of $36.60 and a 52-week low of $28.77 and are now trading 23% above that low price at $35.33 per share. The 200-day and 50-day moving averages have moved 0.02% higher and 0.28% higher over the past week, respectively.

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.

There is potential upside of 10.0% for shares of Wells Fargo based on a current price of $35.33 and an average consensus analyst price target of $38.86. The stock should discover initial support at its 50-day moving average (MA) of $33.75 and subsequent support at its 200-day MA of $33.57.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Lowe's (LOW) Crosses Pivot Point Resista...

Lowe's (NYSE:LOW) has opened bullishly above the pivot of $66.72 today and has reached ...

Stock Investors Sell Off Shares of Canad...

One of today's notable stocks in decline is Canadian Oil Sands Trust (NASDAQ:COSWF), do ...

Next Resistance Level for Starbucks (SBU...

Shares of Starbucks (NASDAQ:SBUX) opened today above their pivot of $79.71 and have alr ...

Stock Investors Sell Off Shares of Orexi...

Orexigen Therapeutics (NASDAQ:OREX) is a company whose shares are active, trading 4.4% ...

Range Resources (RRC) Crosses Pivot Poin...

Shares of Range Resources (NYSE:RRC) opened today below their pivot of $59.49 and have ...

Buyers Accumulate Shares of USA Truck, U...

One of today's stocks on the move is USA Truck (NASDAQ:USAK), up 4.5% to $23.66. The S ...

Shares of Vera Bradley Under Pressure, D...

Vera Bradley (NYSE:VRA), a company whose shares are moving quickly, is trading 4.6% low ...

Watch for Shares of Caterpillar (CAT) to...

Shares of Caterpillar (NYSE:CAT) have bullishly opened above the pivot of $91.52 today ...