• Return to Headlines

Paccar Inc Crosses Above its 10-day MA (PCAR)

By Shiri Gupta

Paccar Inc (NASDAQ:PCAR) shares have crossed bullishly above their 10-day moving average of $64.87 on a volume of 180K shares. This may provide swing traders with an opportunity 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 22% above that low price at $65.10 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Paccar Inc on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $67.30. Since that call, shares of Paccar Inc have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses paccar inc

Ticker(s): PCAR