• Return to Headlines

PACCAR Crosses Below its 10-day MA (PCAR)

By Shiri Gupta

PACCAR (NASDAQ:PCAR) shares have crossed bearishly below their 10-day moving average of $62.89 on a volume of 408K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

PACCAR share prices have moved between a 52-week high of $70.12 and a 52-week low of $43.46 and are now trading 44% above that low price at $62.79 per share. The 200-day and 50-day moving averages have moved 0.3% lower and 0.82% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of PACCAR on April 13th, 2017 by issuing a Downtrend alert when the shares were trading at $65.27. Since that call, shares of PACCAR have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses paccar

Ticker(s): PCAR