Oshkosh Bearish Signs

osk New York, May 11th (TradersHuddle.com) - Shares of Oshkosh Corporation (NYSE:OSK) ended the trading session lower by $0.3 or -1.35% from its previous close. Oshkosh's price action formed what is considered to be a bearish engulfing candlestick chart pattern.

Oshkosh Corporation (NYSE:OSK) designs, manufactures and markets severe heavy duty all wheel drive defense or military trucks, aircraft or emergency rescue and firefighting vehicles. The Company provides products such as pumpers, aerial and ladder trucks, tankers, rescue vehicles, snow removal vehicles, refuse truck bodies, and concrete mixers.

Oshkosh's current stock range is determined by calculated support defined at $21.75 and by the resistance level at $23.77, which should be used by traders planning their next move.

If traders want to establish a position in Oshkosh, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor Oshkosh for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 18,395.40 ▼53.01 (-0.29%)
o S&P 500 2,169.04 ▼3.43 (-0.16%)
o NASDAQ 5,218.92 ▲6.71 (0.13%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,395.40 Trade time:4:32PM EDT Value change:▼53.01 (-0.29%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,169.04 Trade time:4:32PM EDT Value change:▼3.43 (-0.16%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,218.92 Trade time:5:15PM EDT Value change:▲6.71 (0.13%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.