SmarTrend Detects Continued Buying Pressure in Shares of PACCAR (PCAR)
SmarTrend identified an Uptrend for PACCAR (NASDAQ: PCAR) on March 02, 2010 at $36.88. In approximately 2 weeks, PACCAR has returned 14.5% as of today's recent price of $42.23.
PACCAR is currently above its 50-day moving average of $37.24 and above its 200-day moving average of $36.15. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of PACCAR shares.
Write to Chip Brian at cbrian@tradethetrend.com
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