Harley Davidson (HOG) – Bearish DailyPlay for Thursday, Jan 3rd, 2019
The bearish DailyPlay we chose for Thursday, Jan 3rd is Harley Davidson (HOG). HOG is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 6.95% move lower and its 1m and 6m trend have turned bearish on 12/4 and recently bounced lower off its $100 resistance level.
Harley Davidson’s 1m and 6m trends turned bearish on 12/6 and recently bounced lower off its $35 resistance level. With a technical score of 4 (out of 10), HOG is a weak stock that will likely continue lower.
As a stop loss, if HOG was to trade above $35 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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