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

By James Quinn

PNC Financial Services (NYSE:PNC) crossed over its 10-day moving average of $88.35 on a volume of 347K 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, PNC Financial Services share prices have been bracketed by a low of $79.16 and a high of $100.52 and are now at $88.65, 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of PNC Financial Services on August 13th, 2015 by issuing a Downtrend alert when the shares were trading at $95.20. Since that call, shares of PNC Financial Services have fallen 7.5%. 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