Harley Davidson (HOG) NewsBite - HOG Upgraded By Citigroup

Posted: Tuesday, September 08, 2009 10:11 AM EDT

Harley Davidson (HOG) was upgraded today by analysts at Citigroup and the stock is now at $24.88, up $1.59 (6.83%) on volume of 1,034,519 shares traded. The analysts lifted HOG to Hold from Sell. Over the last 52 weeks the stock has ranged from a low of $7.99 to a high of $48.05. Harley Davidson stock has been showing support around $22.36 and resistance in the $23.80 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 October out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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