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Actionable news in HOG: HARLEY-DAVIDSON Inc,

Harley-Davidson (HOG) Stock Faces Rough Road, 25% Decline

NEW YORK (TheStreet) -- Men of a certain age mysteriously get attracted to the throaty sound of a Harley or a low-slung red convertible. The diagnosis might be a mid-life crisis, but despite the positive demographics and abundance of disposable income, the chart of Harley-Davidson (HOG - Get Report) has taken a turn south.

HOG had a nice ride from the 2009 bottom, just below $10. See chart above. There were some twists and turns along the way, but HOG topped out at $70 in November and December. HOG turned south and broke the long-term uptrend as it slowed to $55.

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HOG has been slowly braking and downshifting since late 2014. Since June, chart above, prices have been bouncing around $55. Despite holding $55 and bouncing, the internal situation for HOG has weakened as the On-Balance Volume (OBV) line has broken down to a new low ahead of the price action. The OBV indicator is coincident or leading, and the breakdown in the OBV tells us that volume...


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