Wells Fargo Is Poised to Break Out
Wells Fargo (WFC) is one of the top gainers in the financial sector today. This morning's pre-open earnings report has sparked an impressive 3% gain on relatively heavy trade. The move has pushed shares to fresh July highs as the healthy rebound off the early-June lows continues.
Wells Fargo is now up over 10% from last month's lows and is within easy striking distance of its 2012 highs. Heading into today's news, the stock had been working through a narrow consolidation while straddling the mid-June highs. With this morning's surge, Wells Fargo is setting up well for a breakout move to new 52-week highs....231 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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