PACCAR Inc. (NASDAQ:PCAR) – Will Investors Notice Exciting Sign On PACCAR’s Chart?

If history is any guide, there may be good fortune ahead for shares of PACCAR (NASDAQ:PCAR). A so-called “golden cross” has formed on its chart and, not surprisingly, this could be bullish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It’s Important: The 50-day and the 200-day simple moving averages are commonly used.

The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.

That just happened with PACCAR, which is trading around $88.83 at publication time.


Remember: Seasoned investors don’t blindly trade Golden Crosses.

Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible long positions.

With that in mind, take a look at PACCAR’s past and upcoming earnings expectations:

QuarterQ3 2021Q2 2021Q1 2021Q4 2020
EPS Estimate1.241.391.271.22
EPS Actual1.081.411.351.17
Revenue Estimate4.91B5.51B5.31B5.14B
Revenue Actual4.74B5.39B5.41B5.14B

Also consider this overview of PACCAR analyst ratings:


Do you use the Golden Cross signal in your trading or investing? Share this article with a friend if you found it helpful!

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Source link

Leave a Reply