PACCAR INCORPORATED
(PCAR-Nasdaq):
Technical Viewpoint: From a low
of $52.80 on Apr 11, 2003 prices
rallied, reaching a
high of $59.22
on Apr 22, 2003. A
decline saw prices pull back, reaching a
low of
$57.10 on May 1, 2003.
Another rally saw prices penetrate
resistance, closing 5/6/03
at $60.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 13, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $58.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 22, 2003. A P&F upside
reversal takes place at $58.50. Summary: Technical indicators have turned bullish. BUY! PACCAR INCORPORATED
(PCAR-Nasdaq) @ $59.13 Stop: Use a protective stop of $56.63.
PACCAR INCORPORATED is currently trading @ $60.88 plus $1.61 on May 6, 2003. Price Objective:
$71.25. Risk/Reward: $2.50 VS. $12.13. Today's Risk Reward Ratio: 5:1
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