Bullish DailyPlay for Wednesday Oct 11th, 2017 – PNC Financial (PNC)
The bullish DailyPlay we chose for Wednesday Oct 11th is PNC Financial (PNC). PNC is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 7.54% move higher and its 1m and 6m trend has turned bullish on 9/18 and recently broke above its $25.50 resistance level.
PNC Financial’s 1m and 6m trends turned bullish on 9/15 and recently broke above its $133 resistance level on high volume which now becomes support. With a technical score of 8 (out of 10), PNC is a strong bullish stock that looks to continue higher.
As a stop loss, if PNC was to trade below $133 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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