Paccar: Time to Take Some Profits?

Filed under: Industry, Stocks to Buy

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.



However, other investors who can tolerate the risk can maintain their full position, but keep in mind that the journey to $70 may not be reached in 2011.



Paccar's revenue will likely rise an impressive 20-25% 2011, following a likely 10-12% increase in 2010, as economies in North America, Europe, and in emerging markets continue to recover.

Continue reading Paccar: Time to Take Some Profits?

Paccar: Time to Take Some Profits? originally appeared on BloggingStocks on Fri, 21 Jan 2011 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=ae89ae8a98eb53fba7d3d88e13313e32