PNC Financial (PNC) Offering Possible 70.65% Return Over the Next 29 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 $135.00 short call and a strike $140.00 long call offers a potential 70.65% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $135.00 by expiration. The full premium credit of $2.07 would be kept by the premium seller. The risk of $2.93 would be incurred if the stock rose above the $140.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for PNC Financial is bearish and the probability of a decline 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 62.99 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

PNC Chief Executive To Speak At Goldman Sachs Investor Conference
Tue, 20 Nov 2018 21:17:00 +0000
PITTSBURGH , Nov. 20, 2018 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business …

Three indicators that will make you feel better about the economy
Mon, 19 Nov 2018 19:46:25 +0000
Investors aren't giving the economy enough credit, according to Amanda Agati, managing director and co-chief investment strategist at PNC Financial Services Group Inc. The Dow Jones Industrial Average is lower again today, down about 500 points, or 2 percent at midafternoon. “We’ve gone through a pretty significant shift in investor sentiment,” Agati told me in an interview last week. Two major factors have been influencing stocks: the midterm elections and worry about Federal Reserve interest rate increases, she said.

Food, beverage, cycling startups win big at Big Pitch competition
Mon, 19 Nov 2018 18:06:40 +0000
A local baking business, Beehive Baking Company, has claimed the top prize in the 2018 Big Pitch competition.  Five finalists participated in the chance to win a share of a $50,000 in cash and professional services prize packages.   “The Big Pitch is much more than just one day of business pitches,” said David Fleming, REV Birmingham president and CEO. “It’s a community of people we like to call ‘yaysayers’ – people who believe in Birmingham and are eager to contribute to the city’s next big things. The Big Pitch brings this community together to amplify its knowledge, resources and energy to help push these small business owners toward their next big steps.”  First place, and the winner of $30,000, plus $1,800 in legal services from Gatehouse Law and $1,500 in sponsored content from Bham Now, is Beehive Baking Company.

How local banking leaders are handling amped competition, new tech
Fri, 16 Nov 2018 19:36:46 +0000
WSFS is facing two main issues, its current COO said: How to continue to grow and how to shift the historic investment made in brick and mortar to a digital delivery system.

Miki Bowman confirmed as Fed's small bank-focused governor
Thu, 15 Nov 2018 19:52:00 +0000
Michelle "Miki" Bowman was confirmed by the U.S. Senate to take the Federal Reserve's governor seat dedicated to someone with community banking experience.

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