PNC Financial Services (PNC) Ascending Triangle Break

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By Andy Swan | Published 03/31/2008 | Stocks | Unrated

PNC Financial Services (PNC) Ascending Triangle Break

Over the last six months, PNC Financial Services (PNC) created an ascending triangle. Ten days ago, PNC broke ascending triangle resistance at 65.

At the open today, PNC is pulling back to resistance turned support, and looks to be stabilizing. This stabilization in PNC indicates PNC will complete the measured move and rally above 75.

Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.

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