Harley Davidson (HOG) NewsBite - HOG Hits 52-Week Low

Posted: Thursday, March 05, 2009 3:17 PM EDT

Harley Davidson (NYSE: HOG) hit a new 52-Week low of $8.00 so far today. Currently the stock is down $0.86 (-9.61%) to $8.05 on 5,282,403 shares traded. Today's low is down $40.01 from a 52-Week high of $48.05. Harley Davidson stock has been showing support around $8.08 and resistance in the $10.18 range. Technical indicators for the stock are bearish and S&P gives HOG a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on HOG the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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