| Basic Details |
| Stock: |
Wells Fargo |
| Symbol: |
WFC |
| Current Price: |
$32.94 |
| Current Trend: |
failure to succeed |
| Recommended Action: |
short at 33-34 range |
| Price Target: |
$30-31.20 |
| Other Details: |
5-4-10 Pro17 indicates a FTS formation and double peak at the 34 range. There is short term risk to the 31 range. Short above 33 with downside to the 30-31.25 range.
4-9-10 Pro17 indicates upside target met(27-32.50)20% profit. There is continued upside pressure on the stock, the position is up significantly. Protect profits and principal. Buy at 30-31 range on pull back.
3-16-10 Pro17 indicates a positive breakout condition with continued upside pressure to the 31-33 range. Prepare to lock in profit.
2-22-10 Pro17 indicates downside buy target met at the 26-28 range(27). This is a strong FTF formation Buy now with renewed upside to the 29-31 range over the next 2 cycles.
1-27-10 Pro17 indicates upside target met(30.17-29.45)2% loss on original and (28.5-29.45)3.3% profit on average cost. A positive convergence is in place supporting stock at the 26-28 range. The buy signals are weak, accumulate stock at the 26-28 range.
1-3-10 PRo17 indicates downside buy target met at 25. A secondary FTF formation has developed and generated a buy signal at the 27 range. Behaviors are converging and slope formations are in conflict. The stock is positioned for a positive breakout if it closes above 27.50 for 2-4 trading days.
12-9-09 Pro17 indicates downside buy target met at 26 today. There is a short term FTS formation in place at the 28-29 range. Long term behavior and slope formation are strong positive. Buy at the 24-26 range with upside to the 29-31 range. Average cost is 28.5=(26+30.17)/2
11-14-09 Pro17 indicates a FTF formation and negative behavioral convergence. Long term upside support is at the 23-24.5 range. Buy on hard pull back given the chance in the 23-25 range. Buy at the 26-27 on short term pull back to accumulate more.
10-22-09 Pro17 indicates a FTF formation at the middle behavioral support range. Long term behavior supports continued upside move. Buy on pull backs to the 27-29 range given the chance.
10-21-09 Pro17 indicates a FTS formation at upside target price (26.61-31.50)18% profit. Slopes are positive and behavior is generally stable. Worst case risk its to the 22-24 range. Buy on hard pull back. Pro17 is watch for a FTF formation to develop.
10-8-09 Pro17 indicates downside buy target met at the 26 range and a FTF formation was generated. The stock has continued upside pressure, however, the recent sell off to the 26 range created an inefficiency in the bull cycle and has reduced upside to the 31-34 range. Risk has increased to the 23-26 range a strong buy range.
9-30-09 Pro17 indicates a short term negative cycle. Buy a the 26-27.25 range. Long term upside is still to the 35-37 range. M
9-6-09 Pro17 indicates a FTF formation. Long term slopes are sustaining upside pressure. buy at 26-27 range. 22-25 range is the downside risk buy range.
9-1-09 Pro17 indicates a short term FTS formation. Utilize pull back to buy for long term play. Upside forecast is still 35-37 range.
8-24-09 Pro17 indicates mild exhaustion in up cycle. Buy on pull back to the 24-26 range. Long term forecast is to the 35-37 range. All slopes are positive.
8-21-09 Pro17 maintains upside forecast.
8-19-09 Pro17 indicates upside target met at 29(22-29)21% profit closed. A new position opened today at 26.61. Long term behavior support continued upside pressure. the long term forecast is to the 35-37 range.
7-30-09 Pro17 Indicates all slopes are shifting positive with strong underlying behavioral support. Pressure is building on stock with upside to the 27-30 range.
7-8-09 pro17 indicates first buy target met at 26. A bottom reversal is forming with upside to the 25-26 range. buy less than 24 and sell at the 25-26 range. Long term the stock looks bearish and has risk to the sub 20 level. A Short opportunity is building support at the 26 range.
6-12-09 Pro17 maintain short term negative forecast. An underlying Long term positive convergence is supporting the stock prepare to buy at 26.
6-7-09 Pro17 indicates a short term negative formation. Buy at the 26 range given the chance until a FTF formation is confirmed. A long term positive convergence is forming creating strong support the at 26-26.50 range.
5-19-09 PRo17 indicates stock is peaking. The stock is consolidating between 26 and 27. Buy at 25 given the chance. Pro17 is watching for a FTF formation at 26.50, when this occurs the stock can move to the 27-29 range. target was met (22.50-27)
4-24-09 Pro17 indicates a second FTF formation. Take profits at 26-27 range.
4-2-09 Pro17 confirms upside convergence and breakout.
4-1-09 Pro17 indicates a positive convergence increasing upside. There is still risk to the 22 range. Bias is positive.
3-12-09 Pro17 indicates continued upside pressure to the 24-25 range.
3-10-09 Pro17 indicates short term upside reversal and the beginning of a positive slope shift.
2-18-09 Pro17 indicates a short term negative convergence and a negative slope shift. There is a buy opportunity at the 21-22 range.
 2-6-09 Pro17 indicates a failure to fail signal and an upside short term reversal.
1-31-09 Pro17 indicates a negative slope shift. This is generating a sell signal which could cause stock to test its recent lows. The sell signal is weak but better to protect principal.
1-27-09 Pro17 indicates short term sell pressure down to the 23-24 range. A failure to succeed formation is developing and a negative slope shift. 24.50 is the neural zone for now.
1-17-09 Pro17 indicates a bottom reversal following a positive convergence. There is upside to the 27 range in this cycle. |
| Report Graph: |
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