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

By David Diaz

PNC Financial Services (NYSE:PNC) crossed under its 10-day moving average of $119.90 on a volume of 505K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

PNC Financial Services share prices have moved between a 52-week high of $131.83 and a 52-week low of $77.40 and are now trading 53% above that low price at $118.76 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for PNC Financial Services and will alert subscribers who have PNC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses PNC Financial Services

Ticker(s): PNC