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Actionable news in HOG: HARLEY-DAVIDSON Inc,

Harley Davidson (HOG) Stock Downshifts, Hasn't Reached Lowest Gear

NEW YORK (TheStreet) -- Having a mid-life crisis? Maybe the roar of the pipes got you into the sales room to sit on a Harley, but that classic sound is not enough to turn around the prices of this American icon.

Harley Davidson (HOG - Get Report) broke to a new low on the move down today, according to the chart above. Prices gapped to the downside and volume surged. The On-Balance-Volume line has been declining for months and it made a new low today.

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In this longer-term chart of HOG, above, we can see prices for HOG have been below the declining 40-week (200-day) moving average. Prices for HOG could hold around the $45 level. This was former resistance in 2011 and the mid-point of trading in 2012. Remember to wear your helmet until we bottom out on HOG.

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