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

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in PNC Financial Services (NYSE:PNC) based on the price action in the company's shares. Today's price range of $78.26 and $79.30 is within yesterday'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 Services 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 share prices have moved between a 52-week high of $100.52 and a 52-week low of $77.40 and are now trading 2% above that low price at $78.82 per share. The 200-day and 50-day moving averages have moved 0.28% lower and 0.31% higher over the past week, respectively.

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.

There is potential upside of 26.5% for shares of PNC Financial Services based on a current price of $78.82 and an average consensus analyst price target of $99.73. The stock should find initial resistance at its 50-day moving average (MA) of $85.41 and further resistance at its 200-day MA of $89.69.

SmarTrend is monitoring the recent change of momentum in PNC Financial Services. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PNC Financial Services in search of a potential trend change.

Keywords: bullish inside day candle PNC Financial Services

Ticker(s): PNC