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Watch for PNC Financial Services to Potentially Pullback After Gaining 1.87% Yesterday

By James Quinn

PNC Financial Services (NYSE:PNC) traded in a range yesterday that spanned from a low of $90.13 to a high of $91.66. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $90.09 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of PNC Financial Services on August 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.60. Since that recommendation, shares of PNC Financial Services have risen 3.8%. We continue to monitor PNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

PNC Financial Services share prices have moved between a 52-week high of $100.52 and a 52-week low of $77.40 and are now trading 18% above that low price at $91.51 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

Keywords: rebounders PNC Financial Services

Ticker(s): PNC