Pacer International (PACR) All Set To Challenge Its 200 Day MA

Pacer International Inc. (NASDAQ: PACR), a freight transportation provider, ended the Q4 with net profit after three successive quarters of losses earlier in the year. Pacer International Inc. (PACR), a small-cap stock, has already scaled above its 20 day MA and 50 day MA in the same session by mid-day on Wednesday, following the turnaround in financial performance.

Pacer International Inc. (PACR), which started the Wednesday’s session with a gap-up opening coupled with high volumes, is all set to clear its long term 200 day MA around $4. Once Pacer International Inc. (PACR) manages to breach above that level, it could move into a fresh breakout area.