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Watch for Navistar Intl to Potentially Pullback After Gaining 10.21% Yesterday

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.

Navistar Intl share prices have moved between a 52-week high of $47.73 and a 52-week low of $10.41 and are now trading 291% above that low price at $40.72 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.5% while the 200-day MA has slid 0.8%.

Keywords: rebounders navistar intl

Ticker(s): NAV