Harley Davison (HOG) To Test Immediate Resistance Around $28.92

Harley-Davidson (NYSE: HOG) soared more than 5% to $28.02 by mid-day trading on Tuesday on rumors that motorcycle maker Harley-Davidson (HOG) is the target of a leveraged buyout. Private-equity giant KKR was speculated as the possible buyer in the potential buyout deal.

Harley-Davidson (HOG), which moved into a bullish zone in February when Harley-Davidson (HOG) breached above its 50 day MA, will now test an immediate resistance level around $28.92. Harley-Davidson (HOG) tarted showing a reversal in last December from these levels.