• Return to Headlines

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

By Amy Schwartz

PNC Financial Services (NYSE:PNC) shares have crossed bullishly above their 10-day moving average of $118.83 on a volume of 1.6 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.

In the past 52 weeks, shares of PNC Financial Services have traded between a low of $77.40 and a high of $131.83 and are now at $119.99, which is 55% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of PNC Financial Services on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $121.46. Since that call, shares of PNC Financial Services have fallen 4.5%. 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