• Return to Headlines

Watch for Harley-Davidson to Potentially Rebound After Falling 3.34% Yesterday

By Nick Russo

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.

Over the past year, Harley-Davidson has traded in a range of $41.63 to $63.40 and is now at $45.84, 10% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.3%.

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.

Keywords: rebounders Harley-Davidson

Ticker(s): HOG