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Hormel Foods Crp (HRL) Approaches New Downside Target of $37.31

By Amy Schwartz

Shares of Hormel Foods Crp (NYSE:HRL) have bearishly opened below the pivot of $37.61 today and have reached the first support level of $37.43. Should the shares continue to fall, the support pivots of $37.31 and $37.01 will be of interest.

Hormel Foods Crp share prices have moved between a 52-week high of $38.00 and the current low of $0.00 and are currently at $0.00 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

Potential upside of 0.0% exists for Hormel Foods Crp, based on a current level of $0.00 and analysts' average consensus price target of $35.67. Hormel Foods Crp shares should first meet resistance at the 200-day moving average (MA) of $34.54 and find additional resistance at the 50-day MA of $36.28.

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: pivot alerts hormel foods crp

Ticker(s): HRL