# Sitting on a Cash Pile 14.0? This Looks Like a Valuation Call

Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice.

Canonical HTML: https://www.livetradingnews.com/sitting-on-a-cash-pile-14-0-this-looks-like-a-valuation-call
Last modified: 2021-05-20

---

By Paul Ebeling · 2021-05-20
Tags: Shayne Heffernan on Investments, Stocks, buy, cash, Bullish, bank, Paul Ebeling, WFC
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#cash #bullish #buy

[$WFC](https://finance.yahoo.com/quote/WFC?p=WFC&.tsrc=fin-srch)

Wells Fargo & Co. ([NYSE:WFC](NYSE:WFC)) broke out on 16 November at 24.90 and confirmed on 19 May at 46.17. Thus triggering an LTN Cash Pile Buy signal with a 1yr target price of 77/share.

The Street's consensus target is at 48,28, and the last trade on Wednesday hit the tape at 46.17. WFC is trading just below the 52-wk high (20.76 - 48.13) after a solid run, this looks like a valuation call.

The Key support is at 39.28, and the Key resistance is at 46.58, and 4 of our 4 Key technical indicators are flashing Very Bullish long term.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

Wells Fargo & Company is a leading US financial services company that has approximately $1.9-T in assets and serves 1 in 3 households and more than 10% of all middle market companies in the US.

The bank provided a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our 4 reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. 

Wells Fargo ranked #30 on Fortune's 2020 rankings of America's largest corporations. In the communities it serves, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. WFC is HQ'd in San Francisco, California

Have a healthy day, Keep the Faith!

---

This Markdown mirrors https://www.livetradingnews.com/sitting-on-a-cash-pile-14-0-this-looks-like-a-valuation-call. The HTML page is canonical.
Site index for AI clients: https://www.livetradingnews.com/llms.txt