Thursday, October 25, 2007

Harley-Davidson (HOG) NewsBite - Harley-Davidson Rises on Upgrade

Harley-Davidson Inc. (HOG) opened at 49.62. So far today, the stock has hit a low of 48.94 and a high of 50.12. HOG is now trading at 49.61, up 0.39 (0.79%). The stock hit its 52 week high of 75.87 in November and set its 52 week low of 45.67 in October. The stock has been generally lower for the past year. Shares of Harley-Davidson have been trading higher in today's action after a Lehman Brothers analyst lifted his rating on the stock to "Equal-weight" from "Underweight." Technical indicators for the stock are bearish but slightly improving 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 December bull-put credit spread below the $42.50 range.
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