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Harley-Davidson Set to Possibly Rebound After Yesterday's Selloff of 3.34%

By James Quinn

Harley-Davidson (NYSE:HOG) traded in a range yesterday that spanned from a low of $45.53 to a high of $47.12. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $46.87 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Harley-Davidson share prices have moved between a 52-week high of $63.40 and a 52-week low of $41.63 and are now trading 10% above that low price at $45.84 per share. 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%.

Keywords: rebounders Harley-Davidson

Ticker(s): HOG