This entire stock is being propped up, and as tariffs are enacted the sale of heavy trucks will decline as the trucking industry's workload declines. The sale in heavy trucks is cyclical with stocks and these stocks tend to drop the most just as heavy truck sales start to slide. Vice versa, by the time the correction in sales bottoms out stocks have already...
Guys, buy Paccar. They make Peterbilt trucks. February has seen steady, consistent gains for PCAR. Let's see if we can get it above $75 a share for March 2019. This chart takes a long term view starting in 1997. See what I'm saying?
Daily
indicators are leaning down. stoch has formed a H&S with right shoulder leaning down. expect an almost 1.5 RRR over next three months.
weekly
price broken trend up. stoch RSI bottomed. MACD following stoch rsi down.
monthly
price has broken a up trend. stoch rsi and macd all breaking down. expect price to go lower.
www.tradingview.com
Trend line, oversold, bullish earning estimate for 6/2017. Not mutch more to say. LONG.
As always. Target is floating and not set. If the trade is successful, I will close once it hit's SMA200 again.
Looking for a short on PCRA as it breaks done Head&Shoulder. Break below MA200 will be entry confirmation.
Target price: 46.5
We also considering to Buy Aug16, 52.5 Put currently trading at $2
This is actually a very good company internally. I remember reading a booking saying that this a great company so even though the price is relatively high, I would still recommend a buy on this good company.
![PCAR: [PCAR] Phase 4 -> Don't buy](https://s3.tradingview.com/x/xVHDixtl_mid.png "[PCAR] Phase 4 -> Don't buy")
