Harley Davidson (HOG) NewsBite - HOG Upgraded By Wells Fargo

Posted: Wednesday, October 14, 2009 9:54 AM EDT

Harley Davidson (HOG) was upgraded today by analysts at Wells Fargo and the stock is now at $26.38, up $1.74 (7.06%) on volume of 2,885,087 shares traded. The analysts upgraded HOG to Outperform from Market Perform. Over the last 52 weeks the stock has ranged from a low of $7.99 to a high of $31.90. Harley Davidson stock has been showing support around $23.51 and resistance in the $25.27 range. 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 January out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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