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PACCAR Bearish Moving Average Crossover Alert (PCAR)

By Nick Russo

Today, shares of PACCAR (NASDAQ:PCAR) have crossed bearishly below their 10-day moving average of $64.40 on a volume of 160K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, PACCAR has traded in a range of $43.46 to $70.12 and is now at $64.29, 48% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for PACCAR and will alert subscribers who have PCAR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses paccar

Ticker(s): PCAR