Provident Financial Services (PFS) is a financial institution that provides banking services to individuals, families, and businesses in New Jersey and Pennsylvania. They offer a range of products and services, including checking and savings accounts, loans, mortgages, and wealth management solutions.
Currently, PFS's stock is sitting on a support level, which is a logical level for buyers to step in. This support level indicates a price level where demand for the stock is expected to be strong, potentially leading to a bounce in the stock price.
Traders and investors often view support levels as attractive entry points, as they offer a favorable risk-reward ratio.
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