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Barchart
Wajeeh Khan

Wells Fargo Stock Just Broke Below Its 50-Day Moving Average. Should You Buy the Dip?

Investors are trimming exposure to Wells Fargo (WFC) after the Wall Street bank reported its fiscal Q1 results that missed expectations on both revenue and net interest income (NII). 

The post-earnings decline saw WFC crash below its 50-day moving average (MA) on Tuesday, indicating selling pressure will likely continue in the near term. 

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