October 8, 2009 - UBS has come out and slapped $20 Price Target on shares on Wells Fargo & Company (WFC) today as the firm initiated coverage. This is rather strange and to be honest, I'm not buying the call.
With the stock trading near $30, it would take a HUGE shoe to drop in order for this call to come true. The stock has bullet-proof support at the $24 level which has held numerous times when the Dow Jones was under 9000.
Wells Fargo & Company (WFC) is set to report earnings Oct 21, 2009.
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Showing posts with label wfc stock. Show all posts
Showing posts with label wfc stock. Show all posts
Thursday, October 8, 2009
Friday, April 10, 2009
Wells Fargo WFC April 13, 2009 4/13/09
The following is stock analysis of Wells Fargo ( WFC ) for 4/13/09Wells Fargo Support and Resistance Levels - April 13, 2009
Resistance: $19.60, $21.06, $22.50
Support: $17.50, $16
http://stockcharts.com/ - Chart
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
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Sunday, March 22, 2009
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
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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