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:

Technical Scans

Stock Market

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Chart
o Dow Jones 17,981.28 ▲268.62 (1.52%)
o S&P 500 2,081.66 ▲20.64 (1.00%)
o NASDAQ 4,930.19 ▲38.97 (0.80%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,981.28 Trade time:10:10AM EDT Value change:▲268.62 (1.52%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,081.66 Trade time:10:10AM EDT Value change:▲20.64 (1.00%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,930.19 Trade time:10:10AM EDT Value change:▲38.97 (0.80%)

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