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Bullish Moving Average Cross by Paccar Inc (PCAR)

By David Diaz

Paccar Inc (NASDAQ:PCAR) crossed over its 10-day moving average of $67.61 on a volume of 111K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Paccar Inc share prices have moved between a 52-week high of $73.00 and a 52-week low of $53.43 and are now trading 29% above that low price at $68.97 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.5%.

SmarTrend is monitoring the recent change of momentum in Paccar Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Paccar Inc in search of a potential trend change.

Keywords: moving crosses paccar inc

Ticker(s): PCAR