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After Yesterday's Decline of 1.29%, Paccar Inc Offers Investors Better Value

By Amy Schwartz

Paccar Inc (NASDAQ:PCAR) traded in a range yesterday that spanned from a low of $66.39 to a high of $67.82. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $67.02 on volume of 705,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Paccar Inc share prices have moved between a 52-week high of $79.69 and a 52-week low of $48.17 and are now trading 38% above that low price at $66.41 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

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: rebounders paccar inc

Ticker(s): PCAR