New York, October 18th (TradersHuddle.com) - Shares of Harley-Davidson, Inc. (NYSE:HOG) closed the session at $44.00 just above calculated resistance at $43.79. The stock effectively broke out and grasped the attention of momentum traders, which could eventually push the stock to a different trading range.
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.
The stock was trading in a well defined range with support at $41.21 and resistance at $43.79. Given that this range was broken, traders will be closely monitoring Harley-Davidson's price action to gather clues on the future direction.
From a technical perspective, it can be expected that previous resistance becomes support, as the new range gets defined. However, given that Harley-Davidson is still near the broken resistance level, traders will be focusing on the $43.79 level to see if the stock holds the breakout without rolling over.
Related Partner Headlines
Recent Trading Ideas
Latest Partner Headlines
Dow JonesCompany ID [INDEXDJX:.DJI] Last trade:17,730.11 Trade time:5:20PM EDT Value change:▼27.80 (-0.16%)
S&P 500Company ID [INDEXSP:.INX] Last trade:2,076.78 Trade time:5:20PM EDT Value change:▼0.64 (-0.03%)
NASDAQCompany ID [INDEXNASDAQ:.IXIC] Last trade:5,009.21 Trade time:5:15PM EDT Value change:▼3.91 (-0.08%)
In The Wires
GW Pharmaceuticals Commences Phase 1 Clinical Trial of GWP42006 as a Potential Treatment for Epilepsy
NTT Communications and JBA's SDN Project Wins IBC 2013 Innovation Award
Frost & Sullivan Honours Interactive Intelligence with its EMEA Contact Centre Company of the Year Award
AT&T And America Movil To Provide Deeper National Reach For Advanced Enterprise Services Across Latin America
$500,000 Shopify Build a Business Competition Has Just Been Announced for 2013
Solomon Associates Hydrocarbon Loss Reduction Seminar Shares Practices that Lead to Significant Savings
AT&T 4G LTE Available In Willimantic
AT&T 4G LTE Available In Torrington