Harley-Davidson Quiets Down
Shares of Harley-Davidson (HOG) are consolidating after Tuesday's huge 7.75% jump. The powerful move, which attracted the heaviest upside trade of the year, followed the motorcycle maker's solid third-quarter report. A better outlook also added fuel to the rally that pushed the stock to fresh multi-month highs. Today, Harley is taking a rest but is now set up well for more upside with layers of underlying support in place.
Outside of the Aug. 1 spike low, following a weak second-quarter report, shares of Harley have found solid support just below $41.00. Earlier this month, the stock retested this level before beginning another rebound....180 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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