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Shares of Paccar Inc Has Fallen Below Previous 52-Week Low

By James Quinn

Paccar Inc (NASDAQ:PCAR) traded today at a new 52-week low of $51.73. This new low was reached on below average trading volume as 232,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.

Paccar Inc (NASDAQ:PCAR) has potential upside of 40.9% based on a current price of $52.34 and analysts' consensus price target of $73.75. Paccar Inc shares should first meet resistance at the 50-day moving average (MA) of $71.44 and find additional resistance at the 200-day MA of $72.38.

In the past 52 weeks, shares of Paccar Inc have traded between the current low of $51.73 and a high of $83.41 and are now at $52.34. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.9% while the 200-day MA has slid 0.4%.

PACCAR Inc designs, develops, manufactures, and distributes light, medium, and heavy-duty trucks, and related aftermarket distribution of parts. The Company also offers finance and leasing services to its customers and dealers.

SmarTrend recommended that its subscribers protect gains by selling shares of Paccar Inc on December 24th, 2019 by issuing a Downtrend alert when the shares were trading at $79.35. Since that call, shares of Paccar Inc have fallen 34.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows paccar inc

Ticker(s): PCAR