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Wells Fargo & Company Shs Cert Deposito Arg Repr 0.2 ShsWells Fargo & Company Shs Cert Deposito Arg Repr 0.2 ShsWells Fargo & Company Shs Cert Deposito Arg Repr 0.2 Shs

Wells Fargo & Company Shs Cert Deposito Arg Repr 0.2 Shs

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West Fargo sports a nice bullish Elliott lookWFC seems to tell us that the big scare was actually just a correction within a bull market. The right look suggests WFC is on its way to new high. We even have the rule of alternation with wave 2 being an expanded flat while wave 4 is a simple ZigZag. The only thing I don't like is within the zigzag both wave are sharp. Usually one is a surprise to everybody while the other is grinding your patience. That might suggest wave 4 is not over and we will grind sideways for a while before WFC resumes its ascent to end the huge active wave that started from the 2009 low. That might even indicate the beginning of another financial crisis. Moving below 46 will indicate either wave c is not over or I am wrong dead wrong.
NYSE:WFCLong
by yauger
Bullish Near-Term Setup In Wells Fargo SharesToday, 10,000+ WFC Mar 20 $56 calls traded with the vast majority being bought for $0.35-$0.45 each, against no previous open interest. For every put that traded in the session, 2.5 calls traded (18,568 total). Talk of a Fed Funds rate hike later this year is bullish for financial companies like Wells Fargo and the stock remains relatively inexpensive. WFC trades at a P/E ratio of 13.25x (2015 estimates), P/S ratio of 3.42x, and a P/B ratio of 1.70x. The top line is projected to increase 3.9% this year and accelerate 6.1% in 2016 ($93B). Looking at the daily chart above we can see another 1% or so rise in shares would confirm a technical breakout (confirming the fundamental analysis and options activity). A low risk way to play it would be via Mar 20 $55 or $56 calls or via longer dated bull call spreads (July $55/$60 call spread) for a favorable reward/risk ratio to the higher $50's/low $60's.
BATS:WFCLong
by MitchellKWarren
WFC Rejected at Trend LineWFC bouncing off trend line yesterday and today again to form a shooting star. There is some hidden bearish momentum divergence seen on the histogram, and the stochastic is coming out of overbought levels without price having broken the previous swing point high. This does look like a bull flag forming, but I am looking for one more move down to retest support before the next move up. Profit target right in front of support for a healthy 1:1.5 R/R ratio.
NYSE:WFCShort
by JoeHayes
Trading The Fattest Cat On The Street, Wells Fargo & Co (NYSE:WFThe fattest cat on Wall St. seems to be flying a bit under the radar these days. Wells Fargo & Co (NYSE:WFC) has been quietly rising to become the biggest banks in the world by market cap during 2014. Surprised? Well check out these stats... Considered one of the most conservative banks in the United States, Wells Fargo & Co (NYSE:WFC) has moved up from fourth in the rankings of world's largest banks by market cap in April of 2013, to number one during 2014. The market cap of Wells Fargo & Co (NYSE:WFC) is now almost three and a half times the market cap value of the all mighty, Goldman Sachs Group Inc (NYSE:GS). Wells Fargo & Co (NYSE:WFC) has had an amazing come back from the Financial Crisis of 2007; it is now number one, with more than fifty billion separating it from the number two, JPMorgan Chase & Co. (NYSE:JPM). Recently, the media has started to pick up on this and the hype surrounding the name increases by the day. However, as traders all we are concerned with is should we be buying or selling the equity now. More importantly, where will Wells Fargo & Co (NYSE:WFC) be trading a few months or even a year from now. Perhaps you missed the move WFC has had, now you are considering buying it. Well, lets look to the chart to tell us where the best place to enter this trade would be... By doing some simple trend line analysis, we can see that Wells Fargo & Co (NYSE:WFC) has come into some major historical resistance as noted in the monthly chart above. Pretty much anyone looking at this chart would agree that this equity is extremely extended and should not be bought at current prices. In fact if Wells Fargo & Co (NYSE:WFC) closes at or below $51.00 by the end of June, it could be considered as a potential short candidate depending on other technical factors in consideration at that time. The price level for those interested in buying and holding Wells Fargo & Co (NYSE:WFC) for a longer term move will be $41.18. If the stock should fall into this level without any consolidation above, it will represent a natural correction level, and buying opportunity. Remember that only a few years ago this equity traded as low as $7.80, you do not want to be the one holding the bag as institutions slowly begin to take their profits.
NYSE:WFC
by KiliamL
WFC technical topping formation - chart onlyThere are some suspect days in WFC stock where volumes were high on down days, but show up as green bars because the close was above the open. The breakout pattern from early this year appears to be a fake-out, break-out pattern and it was used to liquidate huge positions of stock by big position holders. Fundamentals will likely follow, but the technicals indicate a low-risk, high-reward trade setup scenario. See chart for details. Tim 9:33AM 2/27/14 45.94 last on a down gap open
NYSE:WFCShort
by timwest
3
Fake-Out Breakout in Wells Fargo WFCRisk 1 point to make 1 points on this setup. I think 44.5 will bring in some buyers so I'm just shooting for that target. If WFC opens up 0.50, then the odds are better, as my risk is only 0.50 and my target is 1.50 away (3:1). Longer term, I think this is a major warning sign that this breakout occurred on low volume. Note the high volume days - actually one was a down day (lower-low, and lower-high). Note also the 200-day moving average is represented as a range since it uses the highs for one line and the lows for the other. Tim 9:29AM EST, Monday, Feb 3, 2014
NYSE:WFCShort
by timwest
3
Was Wells Fargo Q4 earnings day a good day to go long?goo.gl This is my trading strategy should I have traded Wells Fargo stock yesterday after the earnings announcement. > Wells Fargo stock is trending upwards. The stock price pulls back about 50% before it prints a new higher top during the past 4 months. I don’t normally draw such an obvious trendline, but I’m including it for illustration purposes here. > The stock is trading higher than the significant resistance level at $44.75, which used to be the 6-month high till December. The breakout that occurred on December 18 sent Wells Fargo stock price to $45 during a day, when bulls controlled the market throughout the session. That explains the long green body of that specific day’s candlestick. > WFC stock pulled back to $45. That level will probably provide support to future retracements. Just another trend-following example, entering the market on each pullback.
NYSE:WFC
by JimMakos