Harley-Davidson Inc. (HOG) is scheduled to report its latest quarterly numbers on Tuesday. Will prices make a turn higher? Let's check out the charts and indicators to see if the chrome is polished and ready to go.
In the daily bar chart of HOG, below, we can see that prices declined from October to a small double-bottom in March and April (you could also call it a low in March and a successful retest in April). Prices have rallied back to the underside of the declining 200-day moving average line. HOG is above the rising 50-day moving average line so we know the short to intermediate-term trend is up.
The On-Balance-Volume (OBV) line made a low in late March and has been strong since and is now close to making a new high for the move up. Buyers of HOG have been more aggressive is the message of the OBV line. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.