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Next Support Level for Harley-Davidson (HOG) is $36.38

By Nick Russo

Shares of Harley-Davidson (NYSE:HOG) opened today below their pivot of $36.73 and have already reached the first level of support at $36.62. Should the shares continue to fall, the support pivots of $36.38 and $36.03 will be of interest.

Harley-Davidson has overhead space with shares priced $36.85, or 24.5% below the average consensus analyst price target of $48.79. Harley-Davidson shares should encounter resistance at the 200-day moving average (MA) of $40.34 and support at the 50-day MA of $36.63.

Harley-Davidson share prices have moved between a 52-week high of $46.79 and a 52-week low of $31.36 and are now trading 18% above that low price at $36.85 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 0.6%.

SmarTrend is tracking the current trend status for Harley-Davidson and will alert subscribers who have HOG in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts Harley-Davidson

Ticker(s): HOG