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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 27.22 and 25.11. If the stock breaks down through support at 27.22 then it will probably continue lower to 25.11. The stock has resistance at 29.50 and at 31.39. If the stock breaks up through resistance at 29.50 then it will probably continue higher to 31.39. The 200-day moving average is at 41.83. This will also act as resistance. The stock is slightly oversold according to the Stochastic Indicator (27.91).”
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