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PNC Financial Services Bullish Moving Average Crossover Alert (PNC)

By Shiri Gupta

Today, shares of PNC Financial Services (NYSE:PNC) have advanced above their 10-day MA of $82.59 on a volume of 797K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of PNC Financial Services have traded between a low of $77.40 and a high of $100.52 and are now at $82.79, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of PNC Financial Services on June 14th, 2016 by issuing a Downtrend alert when the shares were trading at $85.29. Since that call, shares of PNC Financial Services have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses PNC Financial Services

Ticker(s): PNC