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Paccar Inc Set to Possibly Rebound After Yesterday's Selloff of 1.09%

By David Diaz

Paccar Inc (NASDAQ:PCAR) traded in a range yesterday that spanned from a low of $67.36 to a high of $68.83. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $68.25 on volume of 490,000 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 Inc have traded between a low of $49.11 and a high of $83.41 and are now at $68.16, which is 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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