PNC Financial (PNC) Offering Possible 16.28% Return Over the Next 8 Calendar Days

PNC Financial's most recent trend suggests a bearish bias. One trading opportunity on PNC Financial is a Bear Call Spread using a strike $80.00 short call and a strike $85.00 long call offers a potential 16.28% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $85.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for PNC Financial is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for PNC Financial is bearish.

The RSI indicator is at 37.22 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for PNC Financial

Regional Banks Falling Into the Bear's Clutches
Wed, 06 Jul 2016 13:33:00 GMT

PNC Bank Names Chadwick Loar As New Regional President Of Florida West
Tue, 05 Jul 2016 18:31:05 GMT
noodls – TAMPA, July 5, 2016 – PNC Bank today announced the appointment of Chadwick Loar as the new regional president for the Florida West region, an area that encompasses Tallahassee south to Naples and Central …

PNC Bank Names Joseph G. Meterchick As New Regional President
Tue, 05 Jul 2016 18:31:05 GMT
noodls – PHILADELPHIA, July 5, 2016 – PNC Bank today announced the appointment of Joseph G. Meterchick as the new regional president for Philadelphia, Delaware and Southern New Jersey, effective July 8. Meterchick …

[$$] Jumbo Mortgages Play Larger Role at U.S. Banks
Tue, 05 Jul 2016 04:18:58 GMT
The Wall Street Journal – At six big U.S. banks, 24% of mortgages approved last year were jumbo, up from 21% a year earlier, as lenders continue to shift toward the high-dollar loans.

[$$] Banks Keep Making More Jumbo Mortgage Loans
Mon, 04 Jul 2016 16:25:26 GMT

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