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Watch for Harley-Davidson to Potentially Rebound After Falling 1.22% Yesterday

By Shiri Gupta

Harley-Davidson (NYSE:HOG) traded in a range yesterday that spanned from a low of $31.46 to a high of $31.74. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $31.83 on volume of 660,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Harley-Davidson have traded between a low of $31.36 and a high of $46.22 and are now at $31.59, which is 1% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

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