Harley-Davidson Is Close to Resistance

New York, August 23rd (TradersHuddle.com) - Shares of Harley-Davidson, Inc. (NYSE:HOG) are trading very close to calculated resistance at $43.40. The stock ended the trading session at just $43.04, which is near levels that make it difficult to buy or start a position.

Harley-Davidson, Inc. (NYSE:HOG) manufactures and sells motorcycles. Its products include heavyweight touring, custom, and performance motorcycles, as well as a line of motorcycle parts, accessories, and general merchandise.

Harley-Davidson's stock range is defined by its calculated support defined at $40.87 and by the resistance level at $43.40; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Harley-Davidson. However, as the stock pulls back towards $40.87 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $43.40 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,776.91 ▲93.33 (0.53%)
o S&P 500 2,081.34 ▲12.58 (0.61%)
o NASDAQ 4,997.46 ▲5.52 (0.11%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,776.91 Trade time:4:34PM EDT Value change:▲93.33 (0.53%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,081.34 Trade time:4:34PM EDT Value change:▲12.58 (0.61%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,997.46 Trade time:5:15PM EDT Value change:▲5.52 (0.11%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.