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Why I am shorting Wells Fargo: Berger

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April 04, 2016 bank, banking, banks, dovish, equities, equity, fed, federal reserve, market, markets, saxo, saxo bank, saxo bank tradingfloor.com, saxo tv, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, sell, serge berger, share, shares, short, stock, stocks, stop, strategy, tale, target, trade, trade view, trader, traders, traders tale, trading, tradingfloor, tradingfloor.com, united states, us, view, wells fargo

After recent dovish comments from US Fed officials, Serge Berger is looking to short Wells Fargo, and here’s why.

According to Berger, US banking stocks will continue to find it hard to rally as long as the Fed remains dovish. He is looking to short Wells Fargo at $48 with a target at $46 and a stop at $49.30.