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Pnc Financial Se Falls 1.93% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Pnc Financial Se (NYSE:PNC) traded in a range yesterday that spanned from a low of $124.03 to a high of $125.90. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $124.65 on volume of 767,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Pnc Financial Se has traded in a range of $77.40 to $133.26 and is now at $124.40, 61% above that low. 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 is monitoring the recent change of momentum in Pnc Financial Se. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pnc Financial Se in search of a potential trend change.

Keywords: rebounders pnc financial se

Ticker(s): PNC