Jim wrote:
Enjoy your site was wondering your opinion on HOG Harley Davidson…in pullback stage but for a longterm investment opport. What do you think of this stock at this point when it recovers from a pullback?
Harley looks fine to me as long as if stays within the channel its been in since the summer. If I were stalking it for a purchase I'd try to get in as close to the 20-day moving average as I could. If it drops past there $70 looks like decent support. Under 70 I'd start to get a little nervous but it's still probably OK as long as the 67.50 area holds. Any lower than that and I'd be gone.
P.S. Don't forget to check all the HOG commentary on WallStrip.
I agree the technical picture looks good and fundamentally the company is in good shape but dealer inventories have been building up since October. The traditional waiting list in the midwestern dealers is a thing of the past. I think they will cut production targets in '07.