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

By James Quinn

Wells Fargo (NYSE:WFC) crossed under its 10-day moving average of $45.74 on a volume of 3.9 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Wells Fargo has traded in a range of $43.55 to $58.76 and is now at $45.31, 4% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.2%.

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