Wells Fargo & Company (WFC) is trading at $85.06, just above its 200-day moving average of $84.19. A move back above the 200-day line is a widely watched signal that a longer-term downtrend may be stabilizing.
The price of Wells Fargo & Company (WFC) ($85.06) now sits 1.0% above its 200-day moving average of $84.19.
The shares yield 2.12% at this level.
The 200-day moving average is a common proxy for the long-term trend. Recapturing it does not guarantee further gains, but it is the kind of technical milestone trend-followers monitor.
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