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Hormel Foods Crp Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Shares of Hormel Foods Crp (NYSE:HRL) traded at a new 52-week high today of $42.16. Approximately 216,000 shares have changed hands today, as compared to an average 30-day volume of 2.7 million shares.

In the past 52 weeks, Hormel Foods Crp share prices have been bracketed by a low of $29.75 and a high of $42.16 and are now at $42.04, 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

Hormel Foods Corporation manufactures and markets consumer-branded meat and food products. The Company processes meat and poultry products and produces a variety of prepared foods. Hormel markets its products around the world under a variety of branded names.

Hormel Foods Crp (NYSE:HRL) defies analysts with a current price ($42.04) 15.2% above its average consensus price target of $35.67. Hormel Foods Crp shares have support at the 50-day moving average (MA) of $37.86 and additional support at the 200-day MA of $35.87.

SmarTrend recommended that subscribers consider buying shares of Hormel Foods Crp on April 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.26. Since that recommendation, shares of Hormel Foods Crp have risen 19.2%. We continue to monitor HRL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows hormel foods crp

Ticker(s): HRL