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Bearish Moving Average Cross by Hormel Foods Crp (HRL)

By Amy Schwartz

Today, shares of Hormel Foods Crp (NYSE:HRL) have fallen below their 10-day MA of $41.30 on a volume of 271K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Hormel Foods Crp have traded between a low of $36.25 and a high of $46.26 and are now at $41.20, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Hormel Foods Crp and will alert subscribers who have HRL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses hormel foods crp

Ticker(s): HRL