Posted: Monday, January 26, 2009 10:09 AM ET
Wells Fargo (WFC) was covered in a Vic Wisemann Report today and the stock is now at $16.11, up $0.24 (1.51%) on volume of 7,905,578 shares traded. To see the report, and read Vic's take on the beleaguered banking sector, go to http://www.iotogo.com/vw012609 . Over the last 52 weeks the stock has ranged from a low of $13.74 to a high of $44.75. Wells Fargo stock has been showing support around $14.10 and resistance in the $17.04 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 a February out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]
Dogs of the Dow: Can this strategy beat the market again?
Sell these stocks or the bear will get you
Buy these stocks for a perfectly diversified portfolio
Five great stocks for investors hunting for value
Don't miss out on the most important market news delivered daily to your inbox every market morning for FREE!
About Market Intelligence Center |
Contact Us |
Terms of Service
Investors Observer |
Market Intelligence Center |
Fresh Brewed Media News |
S&P Option Strategies |
Fresh Brewed Media
Portions of this content may be copyright by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. Portions of this content are protected by the following US Patents: 7,716,116; 7,856,390; 7,865,496; 8,463,695; 8,494,944; and 8,676,691.
The most important market news delivered to your inbox every morning!
Click here to see the latest newsletter
Enter your email address: