View stunning SlideShares in full-screen with the new iOS app!Introducing SlideShare for AndroidExplore all your favorite topics in the SlideShare appGet the SlideShare app to Save for Later — even offline
View stunning SlideShares in full-screen with the new Android app!View stunning SlideShares in full-screen with the new iOS app!
This presentation has been approved by Wells Fargo Advisors Compliance Advertising Review (CAR) for the PCG/ISG channels and a reference number is included on the cover slide. As this presentation does not require re-submission to CAR it must be used in its entirety and cannot be edited. Remember to add your name and firm approved title to the cover slide. If you are part of the Wells Fargo Advisors FINET channel please contact your CAR analyst for a FINET approved version.
Point & Figure Analysis The analysis in this presentation is known as a technical analysis. You may also want to consider quantitative and fundamental analysis before making any investment decisions. Please be aware that Dorsey Wright research can and will differ from the research provided by Wells Fargo Advisors own technical analysts. Wells Fargo Advisors, LLC is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company. CAR 0209-2697 J Duncan Black, M.B.A. Senior Vice President - Investments PIM Portfolio Manager Wells Fargo Advisors 900 Elm Street Manchester, NH 03101 603-644-0646 Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency May Lose Value Not a Deposit of or Guaranteed by a Bank or Any Bank Affiliate
Market and sector forces together typically cause 80% of the price movement in a stock. That means the company fundamentals usually account for less than 20% of a stock’s price movement. This is the reason a company’s stock price sometimes seems to move independently of the fundamentals!
Source: “The Latent Statistical Structure of Securities Price Changes” Benjamin F. King