Tuesday, October 21, 2014

Earnings Breakout Chart of the Day: HOG

It is crucial for the part-time trader and swing traders to have a basket of "go-to" setups.  One of my favorites is the "earnings breakout" setup.

Today, HOG (Harley Davidson) posted knock out earnings, which caused price to gap up over a downtrend and the 50 day moving average.  This could be the catalyst it need to test the old highs.

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