Navistar Booked a New High

Published on Friday, 18 June 2010 12:36 Written by Christopher Lynn

New York, June 18th (TradersHuddle.com) - Shares of Navistar International Corporation (NYSE:NAV) booked a new 52 week high today by trading above $56.75, traders are definitely monitoring Navistar's price action to see if this move attracts further buying into the stock.

Navistar International Corporation (NYSE:NAV) manufactures and markets medium and heavy trucks, school buses, mid-range diesel engines, and service parts.

Navistar is currently trading 1.98% versus its previous trading session close, and it has calculated support and resistance at $49.70 and $54.94 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.02% from its previous trading close, which means that Navistar stock is outperforming the overall market.