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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 implies it is in a negative trend.
The stock has support at 31.39 and 25.11. If the stock breaks down through support at 31.39 then it will probably continue lower to 25.11. The stock has resistance at 33.34 and at 37.43. If the stock breaks up through resistance at 33.34 then it will probably continue higher to 37.43. The 200-day moving average is at 46.71. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (54.43).”
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