Technician
Long

NAVISTAR: Potential for near term gains

NYSE:NAV   NAVISTAR INTERNATIONAL CORP
429 2 13
Taking 29.75 horizontal resistance and the 50-days simple moving average suggests a retest of the top of the sideways consolidation at 31.20 is probable.There has been a clear bullish divergence on MACD for the past months, and recently a bullish crossover as well.

I am expecting at least a retest of 31.20, which if taken will complete a double bottom and probably mark a near to medium term bottom extending the upside to the 200-days SMA as the next target.

Good luck...
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Great analysis of NAV. Thanks to you I now have my eye on a great stock. Here is my similar analysis.
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TheOmega TheOmega
I expect NAV to make a quick push to 31.24 as that is the next near term major resistance. This level might push it back into a consolidation between 31.24 and 27.58. If however 31.24 is breached with momentum, then the next likely target I will be eyeing is 32.74.
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