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Watch for Paccar Inc to Potentially Pullback After Gaining 1.09% Yesterday

By Amy Schwartz

Paccar Inc (NASDAQ:PCAR) traded in a range yesterday that spanned from a low of $70.78 to a high of $71.13. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $70.85 on volume of 536,000 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 $53.43 and a high of $72.89 and are now at $71.13, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

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