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Hormel Foods Crosses Above its 10-day MA (HRL)

By Nick Russo

Hormel Foods (NYSE:HRL) crossed over its 10-day moving average of $34.38 on a volume of 426K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Hormel Foods have traded between a low of $27.38 and a high of $80.78 and are now at $34.49, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hormel Foods on February 1st, 2016 by issuing a Downtrend alert when the shares were trading at $40.64. Since that call, shares of Hormel Foods have fallen 16.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Hormel Foods

Ticker(s): HRL