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SmarTrend Watching for Potential Rebound in Shares of Hormel Foods Crp After 2.50% Loss

By David Diaz

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.

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.

In the past 52 weeks, Hormel Foods Crp share prices have been bracketed by a low of $37.00 and a high of $46.26 and are now at $41.77, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Keywords: rebounders hormel foods crp

Ticker(s): HRL