PACCAR Inc. (PCAR) – stock is trading around $81.37 dollars as of December, 02, 2019 and offering a possible buying price between $80.67 – $84.70. Let’s look at the stocks technical actions using a weekly chart.
2. The stock brokeout from a kind of cup and handle chart pattern back in mid October.
3. The stock also found support at the 50 day moving average (DMA) and bounced as it brokeout.
4. The stock staged a quick, but solid run, after that.
5. The stock kind of formed a three week tight consolidation.
6. The stock is offering possible buying price between $80.67 – $84.70, with a stop loss at $74.22.
This stock is already part of the Stocks Under 100 Dollars pick and performance will be tracked here .
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