PACCAR INC - PCAR
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October 31, 2006
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Last Trade
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$59.21
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Volume
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1,660,084
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52-Week High
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$62.53
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52-Week Low
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$45.19
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Commentary:
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.
Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
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NEM
HUI
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