Stock Of The Day: Regretful Sellers Rebuy Their Wells Fargo Shares
Wells Fargo(WFC) Benzinga·2024-09-14 00:04
When markets are climbing, many traders who sold early often regret their decision. They watch as the stocks they sold continue to rise, missing out on further gains.This seller’s remorse, a common phenomenon in bull markets, is often visible on stock charts, as traders rush to buy back shares they sold too soon. That's why Wells Fargo & Company WFC is our Stock of the Day. It is an excellent example of this price actionAs you can see on the chart, the $46.80 level was resistance in July 2023. After hitting ...