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Wells Fargo & Co Crosses Above its 10-day MA (WFC)

By Nick Russo

Today, shares of Wells Fargo & Co (NYSE:WFC) have crossed bullishly above their 10-day moving average of $48.87 on a volume of 862K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Wells Fargo & Co share prices have moved between a 52-week high of $55.04 and a 52-week low of $43.02 and are now trading 15% above that low price at $49.66 per share. The 200-day and 50-day moving averages have moved 0.14% higher and 0.03% lower over the past week, respectively.

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