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
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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
http://www.StockCall.com/PCAR032613.pdf
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
http://www.StockCall.com/WNC032613.pdf
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
http://www.StockCall.com/HMC032613.pdf
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
http://www.StockCall.com/TM032613.pdf
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