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Oshkosh Truck Adding Refurbishing Facility.(B)(NYSE STOCKS IN THE NEWS)
Byline: Katharine Stalter
Oshkosh Truck is working on the right side of a cup base it started in mid-April. The new base followed a 38% run-up from its November breakout at 60.70. The stock has traded above its 10-week moving average for the past three weeks.
The company makes trucks in three market segments: commercial, fire and emergency, and defense. It recently added a facility in Wisconsin for refurbishing defense trucks returning from Iraq.
Its group, Trucks & Parts-Heavy Duty, is ranked just 184th. But the firm's government customers have given it a boost.
When it reported second-quarter earnings last month, it ...
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