Paccar Inc

By root | October 30, 2006 AAA

For today's chart we've chosen to take a look at PCAR because a couple technical indicators are suggesting that we could see a pullback toward the ascending trendline. Notice how the Parabolic SAR indicator has recently produced a sell signal by placing the dots above the price rather than below. These three consecutive dots above the price will likely be used by traders as confirmation of an expected move lower.

We've also added the MACD, which has recently crossed below its signal line. This bearish crossover could also be used by traders to confirm a move toward the support near $57.



You May Also Like

Related Analysis
  1. Investing

    Risks and Rewards of Biotech Companies

  2. Stock Analysis

    FireEye Shows Evidence That Profits Are Possible

  3. Stock Analysis

    When Will Celgene's Key Patents Expire?

  4. Stock Analysis

    Why Do Investors Want Intel to Get Bigger?

  5. Stock Analysis

    Micron Technology: Big Bargain or Value Trap?

Trading Center