Harley Davidson (HOG) Offering Possible 7.53% Return Over the Next 16 Calendar Days

Harley Davidson's most recent trend suggests a bearish bias. One trading opportunity on Harley Davidson is a Bear Call Spread using a strike $24.50 short call and a strike $29.50 long call offers a potential 7.53% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $24.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $29.50 long call strike price.

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

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

The RSI indicator is at 25.56 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

Why Is Harley-Davidson (HOG) Down 0.6% Since Last Earnings Report?
Thu, 27 Aug 2020 15:31:03 +0000
Harley-Davidson (HOG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

This Airbnb of the RV industry is seeing sales explode during the COVID-19 pandemic
Wed, 26 Aug 2020 18:12:10 +0000
RV vacations are definitely en vogue right now during the pandemic.

Tiger Cub Impala Asset Management’s Top Stock Picks
Mon, 24 Aug 2020 15:14:55 +0000
Connecticut-based hedge fund, Impala Asset Management is a multi-billion dollar founded by Robert Bishop in 2004. Presently, Robert Bishop is the Managing Principal of Impala Asset Management. According to fund's website Bishop's responsibilities include managing Waterbuck, Alpha Funds, Impala and other managed accounts and also directing the primary industry analysis wherein funds are invested in […]

Activist Investor Says Harley-Davidson “Is on the Right Track Again"
Fri, 21 Aug 2020 13:40:00 +0000
The Harley-Davidson (NYSE: HOG) activist investor who helped oust ex-CEO Matt Levatich earlier this year says his replacement is just what the motorcycle maker needs. Impala Asset Management founder Bob Bishop told Reuters that under the leadership of Jochen Zeitz, “For the first time in five to six years, the company is on the right track again.” Harley-Davidson is caught in a five-year-long sales slide as its core customer has aged out of the market and new bike buyers haven't gravitated toward the big, heavy motorcycles it's famous for.

Harley's activist investor backs business reboot strategy
Thu, 20 Aug 2020 16:45:01 +0000
An activist investor who shook up Harley-Davidson Inc earlier this year said he is impressed with the changes initiated by new Chief Executive Jochen Zeitz to turn around the 117-year-old motorcycle company. Months later, it tried to install two directors on Harley's board, asking for operational fixes to recover its market share in the United States, Europe and Japan. “For the first time in five to six years, the company is on the right track again,” Bob Bishop, founder and chief investment officer at Impala, told Reuters.

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