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Harley-Davidson Rises 2.15% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Harley-Davidson (NYSE:HOG) traded in a range yesterday that spanned from a low of $41.08 to a high of $42.16. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $41.39 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Harley-Davidson share prices have been bracketed by a low of $39.34 and a high of $63.40 and are now at $41.99, 7% above that low price. The 200-day and 50-day moving averages have moved 0.34% lower and 0.85% higher over the past week, respectively.

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 14.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Harley-Davidson

Ticker(s): HOG