Harley-Davidson Inc. (HOG) opened at 41.70. So far today, the stock has hit a low of 40.99 and a high of 42.04. HOG is now trading at 41.06, up 0.94 (2.25%). The stock hit its 52 week high of 72.43 in January and set its 52 week low of 34.72 in January. HOG has been dropping for the past year. Harley-Davidson reported this morning its fourth-quarter profit tumbled 26.3% to $186.1 million, hurt by lower motorcycle sales in the U.S. the company posted earnings of 78 cents per share on revenue of $1.39 billion, while analysts had expected a profit of 82 cents per share on revenue of $1.34 billion. However, Harley shares have been climbing after the company said it expects moderate revenue growth for 2008. Analysts predicted a decline in revenue for 2008. Technical indicators for the stock are bearish and steady while S&P gives HOG a negative 2 STARS (out of 5) sell rating. If you’re looking for a hedged play on this stock, consider a March bull-put credit spread below the $32.50 range. HOG stock could fall up to 20.8% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]