Wednesday, December 7, 2011

Wells Fargo & Co. Technical chart | NYSE | 07-Dec-2011

 Below is the technical chart of Wells Fargo & Co., listed on NYSE, with Ichimoku Kinko Hyo indicator.

Wells Fargo & Co. Technical chart
Wells Fargo & Co. Technical chart

The stock has given bullish breakout @25.86 on 30-Nov-2011. The price is still trading above kumo, so is the Chikou-Span (CS). Thus, the chart is in strong bullish mode and one can still buy this stock for the target of 28.44. The immediate support level is 26.11. Watch this level carefully.

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