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Wells Fargo Crosses Below its 10-day MA (WFC)

By David Diaz

Wells Fargo (NYSE:WFC) crossed under its 10-day moving average of $54.59 on a volume of 12.0 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 $43.55 and a high of $59.99 and are now at $53.53, 23% above that low price. The 200-day and 50-day moving averages have moved 0.32% lower and 0.22% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Wells Fargo and will alert subscribers who have WFC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses wells fargo

Ticker(s): WFC