WELLS FARGO & CO
(WFC-NYSE):
Technical Viewpoint: From a low
of $48.90 on Aug 25, 2003 prices
rallied, reaching a
high of $51.50
on Sep 3, 2003. A
decline saw prices pull back, reaching a
low of
$49.69 on Sep 12, 2003.
Another rally saw prices penetrate
resistance, closing 9/26/03
at $51.40. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 18, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.43. Resistance: Is at $51.73.
Point & Figure: Reversed to the upside on Sep 18, 2003. A P&F upside
reversal takes place at $51.50. Summary: Technical indicators have turned bullish. BUY! WELLS FARGO & CO
(WFC-NYSE) @ $51.63 Stop: Use a protective stop of $49.13.
WELLS FARGO & CO is currently trading @ $51.40 plus $0.44 on Sep 26, 2003. Price Objective:
$65.00. Risk/Reward: $2.50 VS. $13.38. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$65.00
Risk/Reward:
$2.50 VS. $13.38
Risk/Reward Ratio:
5:1
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