Harley Davidson (HOG) NewsBite - HOG Could Be On the Move

Posted: Thursday, August 13, 2009 10:36 AM EDT

Harley Davidson (HOG) could be on the move today and is now at $22.59, down $0.31 (-1.34%) on volume of 407,915 shares traded. Over the last 52 weeks the stock has ranged from a low of $7.99 to a high of $48.05. HOG was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la081309 . Harley Davidson stock has been showing support around $21.67 and resistance in the $23.79 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 a November out-of-the-money bear-call credit spread above the 27 range. [ABR-Seven Summits Strategic Investments NewsBite]

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