Harley-Davidson, Thor Industries, Navistar Intl., and Oshkosh Early Briefing
LONDON, April 18, 2013
LONDON, April 18, 2013 /PRNewswire/ --
At the start of this year, lawmakers in Washington D.C. reached a deal on the
fiscal cliff issue, ending a great deal of uncertainty surrounding the U.S.
economy. The economic data in the first two months of 2013 also pointed to a
robust recovery. However, recent economic data suggests that the recovery seen
at the start of this year has stalled. This does not augur well for truck
manufacturers such as Navistar International Corp. (NYSE: NAV) and Oshkosh
Corporation (NYSE: OSK), whose fortunes rely heavily on an improved economic
outlook. 2013 is also expected to be a challenging for recreational vehicle
manufacturers such as Harley-Davidson Inc. (NYSE: HOG) and Thor Industries
Inc. (NYSE: THO) as consumers are expected to scale back spending on
discretionary items after some disappointing data from the labor market.
Shares of all four companies slipped on Wednesday as the broad market
struggled. StockCall has released free charting and technical research on
these aforementioned companies. Register to read these reports at
Shares of Harley-Davidson Inc. struggled in yesterday's trading session. The
stock closed 0.93% lower at $51.15 on above average volume of 1.69 million. It
traded between $50.59 and $51.47. Harley-Davidson's shares are currently
trading more than 7.80% below their 52-week high. Year-to-date, the stock has
gained more than 5%, compared to a gain of over 8.80% for the S&P 500. Shares
of HOG recently slipped below their 50-day moving average, which is a bearish
signal. The negative trend is further confirmed by the stock's MACD chart.
Sign up for the free report on HOG at
Thor Industries Inc.'s shares were among the major losers in the consumer
goods sector on Wednesday. The stock fell to an intra-day low of $35.54 before
finishing the day 2.05% lower at $35.78 on above average volume of 785,926.
Thor's shares have now fallen 3.30% in the last three trading sessions. The
stock has been struggling to break through $37 resistance level for the past
few weeks. The company's shares are also trading below their 50-day moving
average. THO free technical report can be accessed by signing up at
Shares of Navistar International Corp. fell sharply yesterday, tracking losses
in the broad market. The stock fell to an intra-day low of $30.47 before
finishing the day 2.59% lower at $30.89 on volume of 1.56 million. Navistar
International's shares have now fallen more than 7.60% so far in 2013.
Year-to-date, however, the stock is still up more than 41.80%, outperforming
the broad market. The company's shares are still trading above their 50-day
and 200-day moving averages. However, the stock's MACD chart suggests that
market sentiment has turned bearish. Free report on NAV can be accessed by
Oshkosh Corporation's shares also fell sharply in Wednesday's trading session.
The stock ended the day 3.20% lower at $37.17 on above average volume of 1.24
million. Oshkosh's shares have now fallen more than 5% in the last three
trading sessions. Despite the recent losses, the stock is still up more than
25% for the year. However, technical indicators suggest that market sentiment
has turned bearish on the stock. Register with StockCall and download the
research on OSK for free at
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