PACCAR Set to Possibly Rebound After Yesterday's Selloff of 2.08%
PACCAR (NASDAQ:PCAR) traded in a range yesterday that spanned from a low of $54.52 to a high of $55.63. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $54.87 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, shares of PACCAR have traded between a low of $43.46 and a high of $67.17 and are now at $55.11, which is 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.3%.
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.
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