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Hormel Foods Crp: New 52-Week Low Set Today (HRL)

By David Diaz

Hormel Foods Crp (NYSE:HRL) traded today at a new 52-week low of $30.69. So far today approximately 212,000 shares have been exchanged, as compared to an average 30-day volume of 3.1 million shares.

Over the past year, Hormel Foods Crphas traded in a range of $30.69 to $40.00 and are now at $30.80. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.9%.

Hormel Foods Crp (NYSE:HRL) has potential upside of 20.5% based on a current price of $30.80 and analysts' consensus price target of $37.11. The stock should run into initial resistance at its 200-day moving average (MA) of $38.41 and subsequent resistance at its 50-day MA of $41.76.

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.

SmarTrend recommended that its subscribers protect gains by selling shares of Hormel Foods Crp on February 1st, 2016 by issuing a Downtrend alert when the shares were trading at $40.64. Since that call, shares of Hormel Foods Crp have fallen 24.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows hormel foods crp

Ticker(s): HRL