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Bullish Moving Average Cross by Harley-Davidson (HOG)

By David Diaz

Harley-Davidson (NYSE:HOG) shares have crossed bullishly above their 10-day moving average of $42.80 on a volume of 530K shares. This may provide short-term investors a chance 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 $41.33 and a high of $63.40 and are now at $43.39, 5% above that low price. Over the last five market days, 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 February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $48.31. Since that call, shares of Harley-Davidson have fallen 11.6%. 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