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Wells Fargo Bearish Moving Average Crossover Alert (WFC)

By Amy Schwartz

Wells Fargo (NYSE:WFC) shares have crossed bearishly below their 10-day moving average of $50.12 on a volume of 7.4 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Wells Fargo share prices have been bracketed by a low of $44.50 and a high of $58.76 and are now at $49.87, 12% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses wells fargo

Ticker(s): WFC