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Bullish Moving Average Cross by Wells Fargo & Co (WFC)

By James Quinn

Wells Fargo & Co (NYSE:WFC) shares have crossed bullishly above their 10-day moving average of $54.27 on a volume of 2.9 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Wells Fargo & Co have traded between a low of $49.27 and a high of $66.31 and are now at $54.47, which is 11% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

SmarTrend is monitoring the recent change of momentum in Wells Fargo & Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wells Fargo & Co in search of a potential trend change.

Keywords: moving crosses wells fargo & co

Ticker(s): WFC