Trading Idea: - Is Harley-Davidson close to Resistance?

New York, December 3rd (TradersHuddle.com) - Shares of Harley-Davidson, Inc. (NYSE:HOG) are trading very close to calculated resistance at $48.49. The stock ended the trading session at just $46.96, 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 $44.48 and by the resistance level at $48.49; 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 $44.48 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $48.49 then traders will get an opportunity to enter the stock as it moves to a higher range.



Related Partner Headlines

    What’s the next under-$10 stock that could be ready to skyrocket? Find out now when you join David Peltier at Stocks Under $10.

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 17,001.22 ▼38.27 (-0.22%)
    o S&P 500 1,988.40 ▼3.97 (-0.20%)
    o NASDAQ 4,538.55 ▲6.45 (0.14%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:17,001.22 Trade time:4:34PM EDT Value change:▼38.27 (-0.22%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,988.40 Trade time:4:34PM EDT Value change:▼3.97 (-0.20%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,538.55 Trade time:5:16PM EDT Value change:▲6.45 (0.14%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.