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Bullish Moving Average Cross by Harley-Davidson (HOG)

By Nick Russo

Today, shares of Harley-Davidson (NYSE:HOG) have crossed bullishly above their 10-day moving average of $47.96 on a volume of 237K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Harley-Davidson share prices have been bracketed by a low of $41.63 and a high of $63.40 and are now at $48.07, 15% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Harley-Davidson on July 7th, 2017 by issuing a Downtrend alert when the shares were trading at $52.79. Since that call, shares of Harley-Davidson have fallen 10.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Harley-Davidson

Ticker(s): HOG