Today's Trades for Thought setup is to short Wells Fargo, symbol WFC. This stock has rallied significantly with the rest of the bank stocks and is now due for a pullback. There remains an unfilled gap in price near the $20 area and this price stands as our target. Look for short term weakness in the banking sector to confirm this idea and stick with this trade, as there is a favorable risk to reward scenario shorting WFC at current levels.
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