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Downgrade Alert for Navistar International (NAV)

By Amy Schwartz

Navistar International (NYSE:NAV) was downgraded from Hold to Sell at Stifel today. The stock closed yesterday at $13.15 on volume of 852,000 shares, below average daily volume of 1.0 million.

Potential upside of 42.4% exists for Navistar International, based on a current level of $13.15 and analysts' average consensus price target of $18.72. The stock should find initial support at its 200-day moving average (MA) of $12.62 and further support at its 50-day MA of $12.36.

Over the past year, Navistar International has traded in a range of $5.78 to $30.41 and closed yesterday at $13.15, 128% above that low. The 200-day and 50-day moving averages have moved 0.83% lower and 3.51% higher over the past week, respectively.

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 manufacturers, their dealers and customers, and the public.

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

Keywords: analyst upgrades/downgrades navistar international

Ticker(s): NAV