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Pnc Financial Se Set to Possibly Rebound After Yesterday's Selloff of 2.61%

By Nick Russo

Pnc Financial Se (NYSE:PNC) traded in a range yesterday that spanned from a low of $141.80 to a high of $145.94. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $145.12 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Pnc Financial Se share prices have moved between a 52-week high of $163.59 and a 52-week low of $118.89 and are now trading 20% above that low price at $142.31 per share. The 200-day and 50-day moving averages have moved 0.20% higher and 0.15% lower over the past week, respectively.

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