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Look for Shares of Pnc Financial Se to Potentially Pullback after Yesterday's 3.18% Rise

By James Quinn

Pnc Financial Se (NYSE:PNC) traded in a range yesterday that spanned from a low of $101.56 to a high of $102.53. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $102.20 on volume of 584,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Pnc Financial Se has traded in a range of $79.41 to $161.79 and is now at $103.93, 31% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 4.7%.

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