Pacer International Inc. (PACR) All Set To Move Into Bullish Zone

Pacer international Inc. (NASDAQ: PACR) soared 11% to $7.06 after starting even higher on Thursday. Pacer International Inc. (PACR), the provider of trucking, freight and transportation logistics services, moved up after the company earned 1 cent a share in the first quarter.

Analysts, on average had earlier estimated a loss of 16 cents for the quarter for Pacer International Inc. (PACR). With Thursday’s surge till early afternoon trading, Pacer International Inc. (PACR) beached above its 20 day MA after some gap to show initial signs of strength.