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Harley-Davidson Set to Possibly Pullback After Yesterday's Rally of 1.23%

By David Diaz

Harley-Davidson (NYSE:HOG) traded in a range yesterday that spanned from a low of $35.63 to a high of $36.34. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $35.74 on volume of 801,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Harley-Davidson. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Harley-Davidson in search of a potential trend change.

In the past 52 weeks, Harley-Davidson share prices have been bracketed by a low of $30.17 and a high of $46.22 and are now at $36.14, 20% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.9%.

Keywords: rebounders Harley-Davidson

Ticker(s): HOG