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Watch for Paccar Inc to Potentially Pullback After Gaining 2.20% Yesterday

By David Diaz

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.

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.

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 44% above that low price at $69.30 per share. 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%.

Keywords: rebounders paccar inc

Ticker(s): PCAR