Candlesticks - Bearish Engulfing Navistar

nav New York, October 26th (TradersHuddle.com) - 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:

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,408.54 ▼16.31 (-0.10%)
o S&P 500 1,864.85 ▲2.54 (0.14%)
o NASDAQ 4,095.52 ▲9.29 (0.23%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,408.54 Trade time:4:31PM EDT Value change:▼16.31 (-0.10%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,864.85 Trade time:4:31PM EDT Value change:▲2.54 (0.14%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,095.52 Trade time:5:15PM EDT Value change:▲9.29 (0.23%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.