Wells Fargo (WFC) NewsBite - WFC Covered In Vic Wisemann Report Today

Posted on Monday, October 06, 2008 10:25 AM

Wells Fargo (WFC) was covered in a Vic Wisemann Report today and the stock is now at $34.13, down $.46 (-1.33%) on volume of 5,555,121 shares traded. To see the report, and read Vic's thoughts on bargain-hunting, go to http://www.iotogo.com/vw100608 . Over the last 52 weeks the stock has ranged from a low of $20.46 to a high of $44.75. Wells Fargo stock has been showing support around $31.55 and resistance in the $40.45 range. Technical indicators for the stock are neutral and S&P gives WFC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WFC the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]