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After Yesterday's Rally of 1.32% Shares Could Potentially Pullback

By David Diaz

Pnc Financial Se (NYSE:PNC) traded in a range yesterday that spanned from a low of $160.18 to a high of $161.63. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $160.39 on volume of 363,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Pnc Financial Se have traded between a low of $77.40 and a high of $163.59 and are now at $161.44, which is 109% above that low price. 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 Se and will alert subscribers who have PNC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders pnc financial se

Ticker(s): PNC