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SmarTrend Watching for Potential Pullback in Shares of Pnc Financial Se After 2.12% Gain

By Shiri Gupta

Pnc Financial Se (NYSE:PNC) traded in a range yesterday that spanned from a low of $130.77 to a high of $131.41. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $131.09 on volume of 474,000 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, Pnc Financial Se share prices have been bracketed by a low of $108.45 and a high of $152.29 and are now at $131.23, 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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