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The shares of truck manufacturer Paccar Inc.'s (PCAR) shares, first discussed on July 6, 2009, at a price of $30.81, have pulled back to about $50 after soaring from $41 to $58 in the winter. View the retreat as good time to consider the shares, if you missed the first elevator up.
Paccar's revenue will likely increase another 30% to 40% in 2011, following a impressive 30% jump in 2010, as economies in North America, Europe and in emerging markets continue to recover.
Truck manufacturer Paccar Inc.'s (PCAR) shares, first discussed on July 6, 2009 at a price of $30.81, soared above major, psychological resistance at $50 last autumn, and if you're in at/near $31, now may be good time to consider taking some profits.If you viewed the June dip by truck manufacturer Paccar Inc. (PCAR), first discussed on July 6, 2009, at a price of $30.81, as a buying opportunity, as forecast, you made the right move, as PCAR has raced ahead since then. The stock recently cleared key, psychological resistance at $50.
Paccar's revenue will likely rise 11% to 13% 2010, followed by a similar increase in 2011, as economies in North America, Europe, and in emerging markets continue to recover.
Some plays just exude optimism and signs of higher earnings up ahead. Truck manufacturer Paccar Inc. (PCAR), which I first wrote about on July 6, 2009 at a price of $30.81, is one.
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