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:

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 16,979.70 ▼104.10 (-0.61%)
o S&P 500 1,980.45 ▼7.53 (-0.38%)
o NASDAQ 4,448.16 ▼23.95 (-0.54%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,979.70 Trade time:9:45AM EDT Value change:▼104.10 (-0.61%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,980.45 Trade time:9:45AM EDT Value change:▼7.53 (-0.38%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,448.16 Trade time:9:45AM EDT Value change:▼23.95 (-0.54%)

In The Wires

Copyright © 2013 All Rights Reserved.