Harley-Davidson Inc. (HOG) opened at 48.25. So far today, the stock has hit a low of 48.20 and a high of 49.40. HOG is now trading at 49.07, up 1.29 (2.67%). The stock hit its 52 week high of 75.87 in November and set its 52 week low of 46.15 in September. HOG has been sharply and steadily fallen for most of this year. Harley-Davidson shares have been rallying today with the entire consumer goods market, following the larger than expected 50 basis point rate cut by the Federal Reserve yesterday afternoon. The report eased investors' credit concerns, helping retailers who sell vehicles like Harley-Davidson. Technical indicators for the stock are bearish and steady while S&P gives HOG a negative 2 STARS (out of 5) sell rating. If you’re looking for a hedged play on this stock, consider a November bull-put credit spread below the $42.50 range. HOG stock could fall up to 13.4% before expiration and this position would still be profitable. [RHF- Seven Summits Strategic Investments NewsBite]
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