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NAV

Call buyers look for Navistar to reverse recent slide

Navistar International ( NAV ) is getting some attention from traders Thursday. So far, 1,875 contracts of the July 37 call have change hands, against open interest of 34 contracts. Today's volume moved in two trades at 11:43 today, both at the high end of the bid-ask spread, indicating these new contracts were bought to open.

InvestorsKeyhole Trade Alert

IK-> The technicals for NAV ($37.52 down $0.76) are neutral with a downward trend. The stock has support around 37.05. Look at the July 29/32 bull-put spread for a 20-cent credit. That's a 7.1% return and the stock has to fall by 14.7% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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