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Wells Fargo & Company (WFC) “On a long-term technical basis, the stock (WFC) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 27.48 and 25.91. If the stock breaks down through support at 27.48 then it will probably continue lower to 25.91. The stock has resistance at 30.03 and at 33.89. If the stock breaks up through resistance at 30.03 then it will probably continue higher to 33.89. The 200-day moving average is at 42.12. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (44.31).”
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