Harley Davidson (HOG) Offering Possible 8.23% Return Over the Next 6 Calendar Days

Harley Davidson's most recent trend suggests a bullish bias. One trading opportunity on Harley Davidson is a Bull Put Spread using a strike $38.50 short put and a strike $33.50 long put offers a potential 8.23% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.50 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $33.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Harley Davidson is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Harley Davidson is bullish.

The RSI indicator is at 71.34 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Harley Davidson

Harley-Davidson Stock Could Be Running Out of Gas After a Big Rally
Tue, 09 Apr 2019 09:00:00 +0000
Harley-Davidson stock was trading lower after a downgrade from Wells Fargo, which argued that there’s little gas left in the motorcycle maker’s shares following their year-to-date rally.

Wells Fargo downgrades Harley-Davidson on weak market and tariff worries
Mon, 08 Apr 2019 18:03:07 +0000
Iconic American bike motorcycle manufacturer Harley-Davidson has embarked on an ambitious plan to revamp its product line and attract new riders, but investors still think it has a lot of work ahead of it.

Harley-Davidson Downshifts Following Wells Fargo Downgrade
Mon, 08 Apr 2019 17:11:00 +0000
Despite downgrade, analyst Timothy Conder increased the motorcycle-maker's price target to $41 per share from $40. The share price is a 2% upside from the stock's previous closing price of $40.31. Harley-Davidson shares were down 1.5% to $39.70 per share premarket.

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Fri, 05 Apr 2019 14:27:02 +0000
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The Zacks Analyst Blog Highlights: General Motors, Ford, CarMax, Lear, Tesla, Harley-Davidson and AutoZone
Fri, 05 Apr 2019 13:39:01 +0000
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