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627_Traders Tale_Serge Berger_2014-09-15_JCP_mdg.mp4
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Wells Fargo (NYSE.WFC) could be a buy this Monday, notably if its shares break above USD 52. So says Serge Berger, also known as The Steady Trader. Serge says US banks had a good week last week compared with the broader market and WFC lagged behind its peers. Serge outlines the importance of watching bank equities as they can often be a good indicator for near to medium term direction of the broader market.
Serge is looking to buy on a break of USD 52 with a target of USD 54. He's placing a stop at USD 51.