Paccar Reset: Getting Long After the Pullback
Paccar (PCAR) has retraced hard from its summer highs and now presents a pragmatic swing trade: buy near $109.50 with a $125 target over roughly 45 trading days and a $103 stop. The company still generates strong free cash flow, parts revenue is at record levels, and the shares look technically oversold, creating an asymmetric risk-reward for patie…