Thursday, November 02, 2006

 
Trading Ideas & Picks

PCAR - Pullback toward the ascending trendline

PCAR: Technical indicators are suggesting that we could see a pullback toward the ascending trendline. The Parabolic SAR indicator has recently produced a sell signal. The MACD, which has recently crossed below its signal line. This bearish crossover could also be used by traders to confirm a move toward the support near $57.

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