Wells Fargo: Looking to print a new 52 high (NYSE:WFC)

by Josh Wells Fargo & Co. ($WFC) is continuing the move to the upside. Wells Fargo & Co. is up 0.38% at $44.24 on a volume of 5,820,320 shares. Wells Fargo & Co. has been trading higher the past week alongside it’s peers in the financial sector.

On the technical front, Wells Fargo is resolving a nice three month symmetrical triangle (coil) pattern to the upside. The 52 week high is sitting at $44.79 set back in July. Shares look poised to test that price level in the coming trading sessions.

52 Week Range $32.12-$44.79 Market Cap 233,073,856,833 Average Volume 18,350,101 Dividend Yield 2.72% Institutional Ownership 82.70% Insider Ownership: 0.10% Percentage of Float Short 0.60% Beta 1.84

Wells Fargo & Co. is above the 50 day moving average and above the 200 day moving average. These are bullish indicators.

Wells Fargo & Co. Wells Fargo & Co is a diversified financial services company. It provides retail, corporate and commercial banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions.

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