Paccar saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 61 to 73.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Paccar can continue to show renewed price strength and clear that threshold.
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Paccar is trying to complete a consolidation with a 118.81 entry. See if the stock can break out in volume at least 40% higher than normal.
Paccar reported negative growth for both sales and earnings last quarter.
The company holds the No. 2 rank among its peers in the Trucks & Parts-Heavy Duty industry group. Cummins is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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