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Watch for Harley-Davidson to Potentially Pullback After Gaining 6.66% Yesterday

By James Quinn

Harley-Davidson (NYSE:HOG) traded in a range yesterday that spanned from a low of $49.57 to a high of $53.40. Yesterday, the shares gained 6.7%, which took the trading range above the 3-day high of $50.91 on volume of 3.4 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 $36.36 and a high of $60.67 and are now at $53.02, 46% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.

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.

Keywords: rebounders Harley-Davidson

Ticker(s): HOG