I day traded the gap fill yesterday, so gap fills are still a valid play, but I'm bearish on PCAR because it always seems to be weak after Q4 earnings. The market is "selling the news" on the stock split as well.
I overlayed the 2022 chart to show expected pattern, it won't be exactly the same but I plan to do only short term trades (day trade or 2 days) until summer.
I overlayed the 2022 chart to show expected pattern, it won't be exactly the same but I plan to do only short term trades (day trade or 2 days) until summer.
Comment:
Feb always seems to be a dead month for PCAR, might as well throw this on the bottom of your list for 3 more weeks.
Comment:
Short interest:
www.nasdaq.com/marke.../pcar/short-interest
Less than a quarter of shorts covered on that earnings spike which is much lower than I expected. Guess they like to lose money and pay dividends. Strange.
www.nasdaq.com/marke.../pcar/short-interest
Less than a quarter of shorts covered on that earnings spike which is much lower than I expected. Guess they like to lose money and pay dividends. Strange.