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Paccar Inc Set to Possibly Pullback After Yesterday's Rally of 2.20%

By Shiri Gupta

Paccar Inc (NASDAQ:PCAR) traded in a range yesterday that spanned from a low of $68.18 to a high of $69.54. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $68.68 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Paccar Inc have traded between a low of $48.17 and a high of $79.69 and are now at $69.30, which is 44% above that low price. 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 Inc and will alert subscribers who have PCAR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders paccar inc

Ticker(s): PCAR