Harley-Davidson (HOG) : Traders are bullish on Harley-Davidson (HOG) as it has outperformed the S&P 500 by a wide margin of 7.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.08% in the last 1 week, and is up 9.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Harley-Davidson (NYSE:HOG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.23 and $53.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.49, notching a gain of 0.68% for the day. The total traded volume was 1,878,629 . The stock had closed at $53.13 on the previous day.
The stock has recorded a 20-day Moving Average of 6.79% and the 50-Day Moving Average is 12.73%. Harley-Davidson, Inc. is up 17.24% in the last 3-month period. Year-to-Date the stock performance stands at 19.89%.
Harley-Davidson (HOG) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $66 and the lowest price target forecast is $40. The average forecast of all the analysts is $50.73 and the expected standard deviation is $7.34.
Harley-Davidson, Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. The Motorcycles segment consists of HDMC, which designs, manufactures and sells street-legal Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services. The Companys products are sold to retail customers through a network of independent dealers. The Financial Services segment consists of HDFS, which provides wholesale and retail financing, and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world, including in North America, Europe, the Middle East and Africa (EMEA); Asia-Pacific, and Latin America.