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PNC Financial Services Group, Inc. (The)PP

PNC Financial Services Group, Inc. (The)

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PNC trade ideas

$PNC Correction may not be complete, downside risks.On the weekly chart there is mixed signal from the indicators, they Momentum an Stock are showing some weakness but the RSI and MACD are still positive. Volume must be higher to maintain the rally of the lows which seems to be struggle as the market is down for 5 consecutive weeks. The pivotal point is $138 if that holds as resistance selling could intensify quickly as a possible c wave begins to complete the ABC correction. Now from a fundamentals perspective the stock is cheap at a12.2 p/e ratio and Mr Buffett increasing NYSE:BRK.B stake by 2 million shares to a total of 6.9 million is quite a vote of confidence, if Mr Buffett is continuing to buy we don't think he will do so at a premium so may wait for another pullback.
NYSE:PNC
by RedHotStocks
Why $93 Is An Important Level In PNC Financial ServicesBack in December, PNC shares tried on several occasions to make a move above the $93 level, but inevitably ended correcting to $82. Now PNC has once again made another rally, now trading just below the key resistance level. This is not the time to be buying the stock, but is the time to be waiting for a close above $93 to make a bullish trade. If it does happen look for a run to $100 and likely to a completion of the measured move to $104 ($93-$82=$11+$93=$104) in the longer-term. Even though PNC is near all-time highs currently, shares only trade at a P/E ratio of 11.73x (2016 estimates) with 8.7% EPS growth, P/S ratio of 3.22x, and a P/B ratio of 1.20x. Revenue growth is likely to come back next year to the tune of 6% (north of $16B for the year). Potential Options Trade Idea (if the stock closes above $93): Buy the Aug $92.50/$100 bull call spread for a $3.00 debit or better. If you'd like to learn about my 1 on 1 equity/options mentoring courses that start at just $55 visit OptionsRiskManagement.com.
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by MitchellKWarren
PNC - pullback into resistence. | ATR : 0.88 | Stock : PNC | Days to Earnings : -45 Fundamentals | Approximately,EPS Due Date : 10/14/2014 IBD | EPS Rating : 64 IBD | SMR Rating : C Whale wisdom .com | 13F shares % change: : 0.38% Technicals | Horizontal S&R : 1 1=ok daily .6=ok 60m 0=no n/a=waiting | Channel S&R : 0 | MA S&R 20MA=.2 50MA=.5 200MA=1 : 1 | Pearsons R >87 : 0.91 Setups: T1=flag T2=double bottom | Price within Fib Ret..62 : 1 T1 Osc -1.38 | T2 Osc divergence : 1 T1 Fbar Stoch turn / crossover >= 80% | T2 Price @ MOB or Fib Ext >1.38<1.62 : 1 Stoch have not yet crossed 50 | T2 Stoch divergence / no Fbar : 1 strong=1 neutral=0 weak=-1 | Stock XLT : 0 strong=1 neutral=0 weak=-1 | Group Leaders / Industry XLT : 0 | Group Leaders / Industry : sivb + bac + sti b=buy s=sell d=daily 60=hr | L / S / Strategy / Time Frame : s t1 d | Symbol : PNC | Trade Rating : 69% | NOTES : May get in on the short on Monday. KBE and KBR also looking good for the short side.
NShort
by SR618