Candlesticks - Bearish Engulfing Navistar

nav New York, October 26th ( - Shares of Navistar International Corporation (NYSE:NAV) ended the trading session lower by $0.49 or -2.57% from its previous close. Navistar's price action formed what is considered to be a bearish engulfing candlestick chart pattern.

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

Navistar's current stock range is determined by calculated support defined at $18.47 and by the resistance level at $23.47, which should be used by traders planning their next move.

If traders want to establish a position in Navistar, 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 Navistar for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

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o Dow Jones 17,121.81 ▲15.11 (0.09%)
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Company ID [INDEXDJX:.DJI] Last trade:17,121.81 Trade time:12:55PM EDT Value change:▲15.11 (0.09%)

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Company ID [INDEXSP:.INX] Last trade:2,000.49 Trade time:12:55PM EDT Value change:▲0.47 (0.02%)


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