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Shares of WFC Down 5.8% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Wells Fargo & Co (NYSE:WFC) on March 22nd, 2019 at $48.74. In approximately 2 months, Wells Fargo & Co has returned 5.82% as of today's recent price of $45.90.

In the past 52 weeks, Wells Fargo & Co share prices have been bracketed by a low of $43.02 and a high of $59.53 and are now at $45.96, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.6%.

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the internet, and other distribution channels worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Wells Fargo & Co.

Log in and add Wells Fargo & Co (WFC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights wells fargo & co

Ticker(s): WFC