Harley-Davidson Inc (HOG): Price Now Near $51.16; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for HOG

Currently, HOG (Get Ratings)’s price is down $-0.4 (-0.78%) from the hour prior. HOG has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Consumer Goods stocks, HOG ranks 45th in regards to today’s price percentage change.

HOG’s Technical Outlook on the Daily Chart

Currently, HOG’s price is down $-0.8 (-1.54%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows HOG’s price action over the past 90 days.

HOG

For HOG News Traders

News traders keeping an eye on HOG may find value in this recent story:

Jon Najarian Sees Unusual Option Activity In Western Digital And Harley-Davidson

On CNBC’s “Fast Money Halftime Report,” Jon Najarian gave some unusual options activity plays. Najarian sees unusual activity in: Western Digital … Full story available on Benzinga.com

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