Bearish Moving Average Cross by PNC Financial Services (PNC)
Today, shares of PNC Financial Services (NYSE:PNC) have crossed bearishly below their 10-day moving average of $89.18 on a volume of 481K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
PNC Financial Services share prices have moved between a 52-week high of $100.52 and a 52-week low of $77.67 and are now trading 12% above that low price at $87.27 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.
SmarTrend recommended that subscribers consider buying shares of PNC Financial Services on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.92. Since that recommendation, shares of PNC Financial Services have risen 4.8%. We continue to monitor PNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses PNC Financial Services