Don't Bank on Wells Fargo

Action Alerts PLUS holding Wells Fargo (WFC) continues under selling pressure. We just covered the deteriorating price structure late last month, and we noted that, "Strength above $57.40 will improve the picture, but a trade at $59.86 is needed for a breakout. Weakness below $50.84 would be bearish." With prices under $52 today, another look is warranted.

The price of WFC continues to slip lower, so it looks like investors are voting with their feet or the mouse on their computers. Let's take a fresh look at the charts and indicators....184 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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