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After Yesterday's Decline of 1.52%, Wells Fargo & Co Offers Investors Better Value

By Nick Russo

Wells Fargo & Co (NYSE:WFC) traded in a range yesterday that spanned from a low of $54.04 to a high of $54.67. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $54.33 on volume of 10.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Wells Fargo & Co share prices have moved between a 52-week high of $66.31 and a 52-week low of $43.55 and are now trading 24% above that low price at $54.09 per share. 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 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: rebounders wells fargo & co

Ticker(s): WFC