PACCAR, Wabash National, Honda Motor, and Toyota Motor Early Briefing and Review

  PACCAR, Wabash National, Honda Motor, and Toyota Motor Early Briefing and

PR Newswire

LONDON, March 26, 2013

LONDON, March 26, 2013 /PRNewswire/ --

Auto sales in the U.S. have been picking up pace since last year and the trend
is expected to continue in 2013, driven by cheap financing and significant
pent-up demand. Auto sales in China, the world's second largest economy, are
also expected to rise sharply in 2013. While Japanese automakers such as Honda
Motor Co. Ltd. (NYSE: HMC) and Toyota Motor Corp. (NYSE: TM) are likely to
benefit from rising auto sales in the U.S., demand for Japanese vehicles in
China is expected to remain weak, as Chinese consumers continue to shun
Japanese automakers following the dispute between the two countries over some
islands last year. Truck manufacturers such as PACCAR Inc. (NASDAQ: PCAR) and
Wabash National Corporation (NYSE: WNC) are also seeing rising demand as the
U.S. economy continues to recover. Truck and auto manufacturers ended mostly
lower in Monday's trading session, tracking losses in the broad market.
StockCall has released free charting and technical research on these
aforementioned companies. Register to read these reports at 

Shares of PACCAR Inc. fell sharply in trading on Monday. The stock ended the
day 1.18% lower at $49.45 on above average volume of 2.01 million. Despite the
sharp decline yesterday, PACCAR Inc.'s shares are still trading close to their
52-week high of $51.38. The stock has outperformed the broad market in 2013 so
far, gaining more than 9.80%. However, technical indicators suggest that
market sentiment has turned bearish on the stock. PACCAR' shares currently
have support at around $49. Sign up for the free report on PCAR at

Shares of Wabash National Corporation edged higher on Monday; however, the
gains were limited. The stock closed 0.30% higher at $9.93 on above average
volume of 1.49 million. The company's shares are currently facing stiff
resistance at $11. The stock has struggled to break through this level for a
while. Its MACD has also crossed below the signal line, which is a bearish
signal. Wabash National's shares have also slipped below their 50-day moving
average, which further confirms the bearish trend. WNC free technical report
can be accessed by signing up at

Honda Motor Co. Ltd's shares continued to slide in trading on Monday after
hitting a 52-week high of $40 last week. The stock finished 1.28% lower at
$38.55 on volume of 234,770, taking its losses in the last three trading
sessions to over 3.50%. The auto maker's shares have slipped below $39 support
level as a result of the pullback in the last three sessions. This is a
bearish signal. The downbeat trend is further confirmed by the stock's MACD
chart. Free report on HMC can be accessed by registering at

Shares of Toyota Motor Corp. have traded sideways over the past couple of
weeks. The stock has been struggling to break through $105 resistance level.
On Monday, Toyota's shares fell 0.65% to finish the day at $103.31 on volume
of 295,300. Despite struggling in recent weeks, The company's shares have
outperformed the S&P 500 this year, gaining nearly 10.80%, compared to a gain
of 8.80% for the S&P 500. Register with StockCall and download the research on
TM for free at

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