NASDAQ:PCAR Beat Earrings and revenue and has been building a base for about 4 months now. I have this on my watchlist for an Undercut and Rally trade. All TBD.
See chart for notations and thought process. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
PACCAR (PCAR) reported earnings of $2.34 per share on revenue of $8.70 billion for the third quarter ended September 2023. The consensus earnings estimate was $2.07 per share on revenue of $7.99 billion. The Earnings Whisper number was $2.18 per share. The company beat expectations by 7.34% while revenue grew 23.20% on a year-over-year basis.
PACCAR Inc designs, manufactures and distributes light, medium and heavy duty trucks and related aftermarket parts.