At today’s low shares of HOG are off over 24% from the 2019 highs and 45% from the 2018 peak.
Back on July 23rd HOG staged a huge post earnings upside reversal. Up until yesterday the stock remained inside the range set that day. Yesterday HOG fell below the June and July 23rd lows. Today the stock is trading pennies from the 2018 lows($31.35) as selling pressure remains very light.
A divergent low has been in place since the Christmas week lows.
HOG sports a very high short interest ratio(9.6).