PNC Financial Services Crosses Above its 10-day MA (PNC)
Today, shares of PNC Financial Services (NYSE:PNC) have crossed bullishly above their 10-day moving average of $60.39 on a volume of 1.8 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, PNC Financial Services has traded in a range of $53.36 to $67.89 and is now at $61.75, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of PNC Financial Services on December 12th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.60. Since that recommendation, shares of PNC Financial Services have risen 5.6%. 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