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PNC Financial Services Group Crosses 50-Day and 200-Day Moving Averages On Positive Earnings
PNC Financial Services Group jumped more than 13% on Thursday after the company reported positive second quarter earnings. The stock gapped open sharply higher and continued to climb throughout most of the day. The stock closed up $7.84 at $65.75 on heavy volume.
Thursday's gain pushed the stock well above resistance, crossing its 50-day and 200-day moving averages. The stock closed at its best level since late May.
