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WELLS FARGO & COMPANY CEDEAR EACH 5 REP 1 COM USD1.666666WELLS FARGO & COMPANY CEDEAR EACH 5 REP 1 COM USD1.666666WELLS FARGO & COMPANY CEDEAR EACH 5 REP 1 COM USD1.666666

WELLS FARGO & COMPANY CEDEAR EACH 5 REP 1 COM USD1.666666

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WFC.B trade ideas

All Good News For Wells FargoIn light of recent woe 's, and Tim Sloan's recent retirement "Wall Street’s most bullish Wells Fargo & Company (NYSE:WFC) analysts are predicting the share price to blow past $66 per share during the next 12 months. The current median share price forecast by them is $56, suggesting that the stock could increase 14.8% in that time frame. The average price target of $56.83 calls for a nearly 16.5% increase in the stock price." (NGVTimes) I'm sure Mr. Warren Buffett (Their largest shareholder) couldn't happier as he advises WF to look for anew CEO beyond Wall Street this time around. Though the current price is below the 20 and 50 day MA, the price did start the week in an upward motion, the RSI is trending upward, and it does look like we're entering into a MACD bull cross. The news seems to be positive as well; my daily research has revealed that at least one of the top 6 investment newsletters recommended by Marketwatch (hard to get more info without subscribing to them) has assigned WCF a designation of "buy" this month with a near target of 51.32. I was satisfied enough by last nights findings alone to enter into a small position this morning, and I'll likely add to it in the very near future.
NYSE:WFCLong
by Ron-V
3
WFC forming a Head and ShouldersPossible Head and Shoulders pattern forming on WFC though too early to tell. The biggest test will be the trend line (black). If the stock breaks down expect a retest of the trendline before finally completing the H&S pattern. Based on how long the stock has adhered to the black trendline a break down would be a long-term bearish signal. Note where the entry point is. Make sure the H&S is complete before entering. The unfilled gap is still lingering. The two targets on the chart are past points of resistance and good places to take some profits.
NYSE:WFCShort
by myfye13
Classic head & shoulders complete with bearish candlesDisclaimer: I hate Wells Fargo. A large head & shoulders pattern completed during q3/4 2018. Every major institution and index was forming double tops and reversal patterns. The real question is, is this more than a correction? Perhaps. I think as all stocks and indexes have hit all-time highs, a correction is only natural. The hard part to gauge is whether we are seeing signs of a recession or not. The plunge in stock price is worrisome for the stock market and economy as a whole. Perhaps in the short term, the market will correct upwards. In the longer term I'm not a financial wizard, but it doesn't look good at all. Trump has been the catalyst for the bullish markets, and now that his boat looks like it's about to sink we might see something cray happen. Some news about Wells Fargo: www.usatoday.com www.marketwatch.com
NYSE:WFCShort
by yourkardashian