Wells Fargo and Company - Technical Analysis

Considering the recent downward stock trend combined with the latest news about the restrictions that are imposed because of the previous immoral practices of the company a short position is recommended. 
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. The Company provides banking, investment and mortgage products and services, through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in states