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Pnc Financial Se Falls 2.69% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Pnc Financial Se (NYSE:PNC) traded in a range yesterday that spanned from a low of $98.45 to a high of $103.15. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $99.96 on volume of 3.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Pnc Financial Se share prices have moved between a 52-week high of $161.79 and a 52-week low of $79.41 and are now trading 25% above that low price at $99.37 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.8%.

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