WFC Consolidation Breakout
By Johns Wu on Jul 19, 2006
WFC, Wells Fargo & Co., broke out of a consolidation range today on big volume.
The XLF financial sector rallied today, so I looked through the top 10 XLF components to see which stock has the strongest chart. While almost every stock appeared to be on the verge of a consolidatory breakout, WFC had the strongest chart, so keep it on your watchlist.
This entry was posted on Wednesday, July 19th, 2006 at 6:56 pm and is filed under Annotated Analysis.
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I’m not surprised — WFC is one of Cramer’s TOP banking picks for the back half of 06.