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After Yesterday's Decline of 2.50%, Hormel Foods Crp Offers Investors Better Value

By Shiri Gupta

Hormel Foods Crp (NYSE:HRL) traded in a range yesterday that spanned from a low of $41.70 to a high of $42.79. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $42.63 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Hormel Foods Crp share prices have moved between a 52-week high of $46.26 and a 52-week low of $37.00 and are now trading 13% above that low price at $41.77 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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: rebounders hormel foods crp

Ticker(s): HRL