ProfessorBurns

PNC Forming Ascending Triangle

Long
NYSE:PNC   PNC Financial Services Group, Inc. (The)
$PNC is forming a bullish ascending triangle pattern. A breakout could occur around $114.4. Additionally, the 10-day Exponential moving average continues above the 50-day moving average indicating a bullish trend .

Short term price target is $122 based on previous resistance levels.

Be patient as PNC could also fail to breakout of the triangle.

May be a good stock to watch as Tech continues to suffer
Comment: Please see my updated idea on PNC. Triangle redrawn while PNC consolidates.
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