Wells Fargo WFC Stock Analysis

The following is stock analysis on Wells Fargo ( WFC ) for 10/21/09

Wells Fargo & Company Support and Resistance Levels - October 21, 2009

Resistance: $31, $31.53

Support: $30, $29.34, $28



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Wells Fargo & Company (NYSE:WFC) reports earnings this morning. On the upside, a break above $31.53 would be very bullish and you would likely see a further move higher. On the downside, Wells Fargo has support in the mid to low $29's as well as $28. I will buy if WFC falls below $28 going forward. For More Technical Analysis - Go Here

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Wells Fargo WFC April 13, 2009 4/13/09

The following is stock analysis of Wells Fargo ( WFC ) for 4/13/09

Wells Fargo Support and Resistance Levels - April 13, 2009

Resistance: $19.60, $21.06, $22.50

Support: $17.50, $16

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Wells Fargo WFC Stock exploded higher on earnings news out during pre market on Thursday. The previous resistance level of $17.50 was gapped over. The technicals are almost perfect here, we saw a huge gap near $20, a sell-off during the morning, testing $17.50, and then a rebound back toward the highs. $17.50 from here on out becomes a critical support level. A close below $17.50 and I would be a seller of WFC. On the upside, I don't see any major resistance until $21.06 and then $22.50. I am also monitoring the 200 day moving average at $24.57. Pullbacks should be bought! Jim Cramer was on CNBC during the afternoon of 4/9/09 and said WFC could eventually trade to $26 based on future earnings. For More Technical Analysis - Go Here

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Wells Fargo WFC Stock 3/23/09 March 23 2009

The following is a Wells Fargo ( WFC ) stock technical analysis for March 23, 2009.

Wells Fargo Support & Resistance Levels - 3/23/09

Resistance Levels: $15.47, $16.25, $17.60

Support Levels: $13.65, $12.70, $10.50

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Wells Fargo stock is right in the middle of two major moving averages that I follow, the 10 and 50 day moving averages. After topping out at $17.60, WFC stock has failed to close over the 50 day moving average for the second straight day. I will continue to watch the 10 day moving average because if WFC can continue to close above this level ( currently at $13.65 ), it will be a bullish signal for things to come. As soon as you have a stock close below both of these two averages, you start to have problems and the downside risk is significant. On the upside, there will be some resistance at $15.47 ( Friday's High ), $16.25, and Thursday's High of 17.60. A close above $17.60 and it is likely $20 will be retested. For More Technical Analysis - Go Here

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