Wells Fargo Stock (WFC) Up 25% YTD, Technical Indicators Signal Strong Buy
Wells Fargo shares have surged 25% year-to-date, fueled by robust earnings and growing confidence in the bank's strategic turnaround. Rising interest income, steady consumer banking growth, and disciplined cost management are driving the outperformance. Technical indicators reinforce the bullish case, with the stock trading above key moving averages and momentum metrics flashing buy signals.
The 50-day exponential moving average at $83.33 sits comfortably below the current $86.36 price, confirming the uptrend. Momentum traders will note the 3.3% rate of change reading - solidly in positive territory. Even after the rally, Williams %R suggests the stock isn't yet overbought, leaving room for further gains.