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PNC Financial Services Crosses Above its 10-day MA (PNC)

By David Diaz

Today, shares of PNC Financial Services (NYSE:PNC) have advanced above their 10-day MA of $90.05 on a volume of 951K shares. This may provide swing traders with 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 $90.61, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.28% lower and 0.31% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of PNC Financial Services on August 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.60. Since that recommendation, shares of PNC Financial Services have risen 3.8%. 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

Ticker(s): PNC