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

By Amy Schwartz

Today, shares of PNC Financial Services (NYSE:PNC) have advanced above their 10-day MA of $85.25 on a volume of 2.4 million 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.

PNC Financial Services share prices have moved between a 52-week high of $93.45 and a 52-week low of $76.69 and are now trading 11% above that low price at $85.39 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of PNC Financial Services on January 5th, 2015 by issuing a Downtrend alert when the shares were trading at $89.33. Since that call, shares of PNC Financial Services have fallen 5.3%. 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