PNC Financial (PNC) Offering Possible 6.38% Return Over the Next 11 Calendar Days

PNC Financial's most recent trend suggests a bullish bias. One trading opportunity on PNC Financial is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 6.38% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $9.40 would be incurred if the stock dropped below the $110.00 long put 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 up which suggests that the medium-term momentum for PNC Financial is bullish.

The RSI indicator is at 58.37 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for PNC Financial

PNC Announces Redemption Of REIT Preferred Securities
Fri, 03 Feb 2017 21:05:00 GMT
PR Newswire – PITTSBURGH, Feb. 3, 2017 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that it has submitted a redemption notice to the property trustee for redemption on March 15, …

Fed outlines terms for bank ‘stress test' due this summer
Fri, 03 Feb 2017 14:00:01 GMT
Reuters – UK Focus – The Federal Reserve on Friday asked the largest U.S. banks to measure how they would fare in a global recession with a high jobless rate as the central bank outlined the terms for its ‘stress test' of the largest U.S. lenders. If banks do not prove that they can weather such a downturn, the Fed may freeze payouts to investors while the lenders boost capital reserves. The largest 13 lenders must report their results to the Fed by April 5 with results announced by the end of June, the central bank said in a statement.

Fed outlines terms for bank ‘stress test' due this summer
Fri, 03 Feb 2017 14:00:01 GMT
Reuters – The Federal Reserve on Friday asked the largest U.S. banks to measure how they would fare in a global recession with a high jobless rate as the central bank outlined the terms for its ‘stress test' of the largest U.S. lenders. If banks do not prove that they can weather such a downturn, the Fed may freeze payouts to investors while the lenders boost capital reserves. The largest 13 lenders must report their results to the Fed by April 5 with results announced by the end of June, the central bank said in a statement.

Japan's central bank keeps policy intact, upgrades outlook
Tue, 31 Jan 2017 04:44:25 GMT

Japan's central bank keeps policy intact, upgrades outlook
Tue, 31 Jan 2017 04:44:25 GMT

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