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

By David Diaz

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.

In the past 52 weeks, shares of Pnc Financial Se have traded between a low of $117.17 and a high of $161.79 and are now at $155.71, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.4%.

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.

Keywords: rebounders pnc financial se

Ticker(s): PNC