Harley Davidson (HOG) NewsBite - HOG Falls on Earnings Worries

Posted: Tuesday, July 07, 2009 9:51 AM EDT

Harley Davidson (NYSE: HOG) opened at $15.36. So far today, the stock has hit a low of $15.00 and a high of $15.36. HOG is now trading at $15.05, down $0.32 (-2.08%). Over the last 52 weeks the stock has ranged from a low of $7.99 to a high of $48.05. Shares of HOG are declining with the broader market this morning ahead of the start of second-quarter earnings reports. Investors appear concerned that corporate profits will not keep up with the recent runup in stock prices. HOG reports earnings on July 16. Technical indicators for the stock are neutral and S&P gives HOG a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HOG the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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