Is Harley Davidson Ready for the Fast Lane?
Harley-Davidson has struggled for years, but now the motorcycle maker could be getting back in gear.
The main pattern on today’s chart is the bullish gap following a strong quarterly report on February 8. Consider how HOG has traded since the move: Not only did buyers quickly defend a retest lower last week. They’ve also kept prices above the 200-day simple moving average (SMA).
The consolidation phase is currently producing a bullish inside week. That could suggest the stock is squeezing before a potential move.
Next, prices have been holding $40. That was a peak in early November and early January. Is old resistance becoming new support?
Finally, the 8-day exponential moving average (EMA) has remained above the 21-day EMA throughout the process.
Turning to fundamentals, HOG recently implemented a new business strategy that refocuses attention on its core demographic. It’s also spinning off its LiveWire electric-motorcycle unit in a SPAC deal that could potentially drive valuation further down the road.
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TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
The main pattern on today’s chart is the bullish gap following a strong quarterly report on February 8. Consider how HOG has traded since the move: Not only did buyers quickly defend a retest lower last week. They’ve also kept prices above the 200-day simple moving average (SMA).
The consolidation phase is currently producing a bullish inside week. That could suggest the stock is squeezing before a potential move.
Next, prices have been holding $40. That was a peak in early November and early January. Is old resistance becoming new support?
Finally, the 8-day exponential moving average (EMA) has remained above the 21-day EMA throughout the process.
Turning to fundamentals, HOG recently implemented a new business strategy that refocuses attention on its core demographic. It’s also spinning off its LiveWire electric-motorcycle unit in a SPAC deal that could potentially drive valuation further down the road.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
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