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Wells Fargo & Co (WFC) Approaches New Downside Target of $54.21

By David Diaz

Wells Fargo & Co (NYSE:WFC) has opened bearishly below the pivot of $54.97 today and has reached the first level of support at $54.63. Investors may be interested in a cross of the next downside pivot targets of $54.21 and $53.45.

Wells Fargo & Co (NYSE:WFC) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $61.19. The stock should run into initial resistance at its 50-day moving average (MA) of $49.18 and subsequent resistance at its 200-day MA of $52.06.

In the past 52 weeks, Wells Fargo & Co share prices have been bracketed by a current low of $0.00 and a high of $66.31 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.3%.

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: pivot alerts wells fargo & co

Ticker(s): WFC