Harley-Davidson spikes - Analysis - 14-11-2022

Harley-Davidson's stock (HOG) surged in the intraday levels amid the dominance of the upward correctional trend in the short term, with positive pressure from the 50-day SMA, marking a profit of 2.29%, or 1.08 points, and setting at 48.24, with trading volumes surpassing 1.8 million shares, above 10-day averages of 1.6 million shares, with negative signals from the RSI after reaching overbought levels.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 52.06, provided the support of 42.47 holds on.

Expected trend for today: Bullish