[Entering Position In Wells Fargo (WFC)]
Dear Member:
As the overall rally gets longer in the tooth, I am working to find uptrending stocks that also have a close exit in the event of a downturn. Wells Fargo (WFC)is a strong company with what I believe to be a reasonable P/E. The stock split back in August and has just retraced. I like an entry on a limit of $35.50 or better for the day and would immediately set an exit at $35.19 if the stock drops.
DISCLOSURE: At the time of publication, I have no position in WFC.
Sincerely,
Bill Kraft
|
