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Watch for Continued Gains in Shares of Navistar Intl (NAV)

By Shiri Gupta

Navistar Intl (NYSE:NAV) traded at a new 52-week high today of $33.68. Approximately 58,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

In the past 52 weeks, Navistar Intl share prices have been bracketed by a low of $10.41 and a high of $33.68 and are now at $33.54, 222% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 3.5%.

Based on a current price of $33.54, Navistar Intl is currently 11.6% above its average consensus analyst price target of $29.64. Navistar Intl shares have support at the 200-day moving average (MA) of $12.62 and additional support at the 50-day MA of $12.36.

Navistar International Corporation manufactures and markets medium and heavy trucks, school buses, mid-range diesel engines, and service parts. The Company also provides financial services to its dealers and customers.

SmarTrend recommended that subscribers consider buying shares of Navistar Intl on July 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.43. Since that recommendation, shares of Navistar Intl have risen 17.4%. We continue to monitor NAV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows navistar intl

Ticker(s): NAV