Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Wells Fargo & Company's stock (WFC) rose 0.17% in the last session, or 8 cents, settling at 46.14, and passing the resistance of 45.77, while trading alongside the upward correctional short-term trend line, with support from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 49.50, provided the resistance of 45.77 was breached.
Expected trend for today: Bullish