Wells Fargo may rise to 64.10 - 66.00

Our pivot point stands at 54.9.

Our preference

The upside prevails as long as 54.9 is support.

Alternative scenario

The downside breakout of 54.9 would call for 51.7 and 49.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 55.5735 and 55.2034).

Supports and resistances

67.9 **

66 *

64.1 **

62.2

57.75 (USD-last)

56.1

54.9 **

51.7 *

49.8 **

Number of asterisks represents the strength of support and resistance levels.