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Possible Bullish Inside Day Candle Pattern Detected for Pnc Financial Se (NYSE:PNC)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Pnc Financial Se (NYSE:PNC) based on the price action in the company's shares. Yesterday's price range of $136.40 and $137.68 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Pnc Financial Se may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

PNC Financial Services Group, Inc. is a diversified financial services organization. The Company provides regional banking, wholesale banking, and asset management services nationally and in the Company's primary regional markets.

Over the past year, Pnc Financial Se has traded in a range of $108.45 to $144.32 and closed yesterday at $136.56, 26% above that low. The 200-day and 50-day moving averages have moved 0.28% higher and 0.21% lower over the past week, respectively.

Pnc Financial Se (NYSE:PNC) has potential upside of 18.1% based on a current price of $136.56 and analysts' consensus price target of $161.26. The stock should find initial support at its 50-day moving average (MA) of $133.83 and further support at its 200-day MA of $130.49.

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

Keywords: bullish am inside day candle pnc financial se

Ticker(s): PNC