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Watch for Pnc Financial Se to Potentially Rebound After Falling 2.81% Yesterday

By Amy Schwartz

Pnc Financial Se (NYSE:PNC) traded in a range yesterday that spanned from a low of $156.15 to a high of $158.31. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $157.82 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Pnc Financial Se on October 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $142.14. Since that recommendation, shares of Pnc Financial Se have risen 12.5%. We continue to monitor PNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Pnc Financial Se share prices have moved between a 52-week high of $161.79 and a 52-week low of $117.17 and are now trading 33% above that low price at $155.71 per share. The 200-day and 50-day moving averages have moved 0.39% higher and 0.44% higher over the past week, respectively.

Keywords: rebounders pnc financial se

Ticker(s): PNC