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.

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