StockCall.com Provides Stock Research onGeneral Motors, Tesla Motors, PACCAR, and Wabash National
New York City, New York -- (April 25, 2013)
A report released by the Commerce Department on Friday showed that the U.S. economy grew 2.5% in the first quarter of 2013. Although the pace of growth was significantly higher than that seen in the previous quarter, it was below the consensus forecast of 3%. The GDP data suggests that the U.S. economy is not out of the woods yet. Despite the economic uncertainty, auto sales in the U.S. have remained robust, which is a good sign for automakers such as General Motors Company (NYSE: GM) and Tesla Motors Inc. (NASDAQ: TSLA). However, economic uncertainty is expected to have a negative impact on demand for trucks, which does not augur well for truck makers such as PACCAR Inc. (NASDAQ: PCAR) and Wabash National Corporation (NYSE: WNC). Shares of automakers and truck manufacturers ended mostly lower on Friday as the broad market struggled following disappointing GDP data.StockCall initiated free in-depth technical analysis on GM, TSLA, PCAR, and WNC which are currently available upon sign up at
Shares of General Motors Company rose to a 52-week high of $30.80 on Friday. However, the stock failed to hold on to its gains. General Motors’ shares ended the day 0.68% lower at $30.50 on above average volume of 13.47 million. The company’s shares are currently trading well above their 50-day and 200-day moving averages, which is a bullish signal. The positive trend is further confirmed by the stock’s MACD chart. Shares of GM have support at around $30.Sign up for the free technical analysis on GM at
Shares of Tesla Motors Inc. also failed to hold onto their gains after touching a 52-week high on Friday. The stock rose to a 52-week high of $53.74 before finishing the day 1.54% lower at $51.20 on above average volume of 3.62 million. Its shares saw a pullback on Friday after seeing a series of highs over the past two weeks. The stock’s MACD chart is still giving bullish signals. Year-to-date, Tesla Motors’ shares have gained more than 51%, easily outperforming the broad market.Download the free report on TSLA by registering at
PACCAR Inc.’s shares edged lower in trading on Friday, touching an intra-day low of $49.30. The stock closed 0.60% lower at $49.52 on volume of 1.30 million. Despite the pullback, PACCAR’s shares have gained nearly 1.60% in the last three trading sessions. The company’s shares crossed above their 50-day moving average last week which is a bullish signal. The stock’s MACD has also crossed above the signal line and the zero-line, further confirming the positive trend. Shares of PCAR are facing resistance at around $51.The free report on PCAR can be downloaded by signing up now at
Shares of Wabash National Corporation rose sharply on Friday, extending their gains from previous trading sessions. The stock ended the day 1.50% higher at $9.48 on volume of 710,000, taking its gains in the last three sessions to over 6%. Wabash’s shares saw a series of highs last week which is a bullish signal. The positive trend is further confirmed by the stock’s MACD chart. Year-to-date, Wabash National’s shares have gained nearly 5.70%, underperforming the S&P 500.Free report on WNC can be accessed by registering at
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William T. Knight
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