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After Yesterday's Rally of 10.21% Shares Could Potentially Pullback

By David Diaz

Navistar Intl (NYSE:NAV) traded in a range yesterday that spanned from a low of $38.28 to a high of $41.06. Yesterday, the shares gained 10.2%, which took the trading range above the 3-day high of $37.87 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Navistar Intl. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Navistar Intl in search of a potential trend change.

In the past 52 weeks, Navistar Intl share prices have been bracketed by a low of $10.41 and a high of $47.73 and are now at $40.72, 291% above that low price. The 200-day and 50-day moving averages have moved 0.83% lower and 3.51% higher over the past week, respectively.

Keywords: rebounders navistar intl

Ticker(s): NAV