|
WELLS FARGO & CO
(WFC-NYSE):
Technical Viewpoint: From a low
of $32 1/8 on Feb 11, 1999 prices
rallied, reaching a
high of $39 3/4
on Mar 12, 1999. A
decline saw prices pull back, reaching a
low of
$35.06 on Apr 1, 1999.
Another rally saw prices penetrate
resistance, closing 4/20/99
at $42 3/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 7, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $39 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 5, 1999. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! WELLS FARGO & CO
(WFC-NYSE) @ $42 5/8 Stop: Use a protective stop of $40 5/8.
WELLS FARGO & CO is currently trading @ $42 3/8 plus $1 1/4 on Apr 21, 1999. Price Objective:
$58.00. Risk/Reward: $2.00 VS. $15 3/8. Today's Risk Reward Ratio: 7:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.00
Risk/Reward:
$2.00 VS. $15 3/8
Risk/Reward Ratio:
7:1
|
