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Tickers in this Article: HOG
New York, September 21st (TradersHuddle.com) - Harley-Davidson, Inc. (NYSE:HOG) closed the trading day at $44.26, near its 50 day and 200 day moving averages set at $43.23 and $45.32 respectively. Harley-Davidson's price action placed the stock above the 50 day moving average but below its 200 day moving average, providing a nice trading setup with clear reference points.Harley-Davidson, Inc. (NYSE:HOG) manufactures and sells motorcycles. Its products include heavyweight touring, custom, and performance motorcycles, as well as a line of motorcycle parts, accessories, and general merchandise.

Harley-Davidson seems to be setting up for a tight range between the 50 day moving average as support and the 200 day moving average serving as resistance.

A tiered approach appears to be the best way to maximize possible movements in the stock, as traders could establish a small position in Harley-Davidson and wait for the stock to break out above the 200 day moving average at $45.32. Then they could add to the position as momentum builds with the breakout. On the other hand, if support being referenced at the 50 day moving average set at $43.23 breaks, it could signal further downside for Harley-Davidson in the horizon.

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