The bearish DailyPlay we chose for Thursday, Jan 3rd is Harley Davidson (HOG). HOG is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 6.95% move lower and its 1m and 6m trend have turned bearish on 12/4 and recently bounced lower off its $100 resistance level.
Harley Davidson’s 1m and 6m trends turned bearish on 12/6 and recently bounced lower off its $35 resistance level. With a technical score of 4 (out of 10), HOG is a weak stock that will likely continue lower.
As a stop loss, if HOG was to trade above $35 for multiple days, this would invalidate our analysis and suggest getting out of the trade.