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Downtrend Call Working As Hni Corp Stock Falls 27.6% (HNI)

By Shiri Gupta

SmarTrend identified a Downtrend for Hni Corp (NYSE:HNI) on January 17th, 2017 at $51.29. In approximately 8 months, Hni Corp has returned 27.59% as of today's recent price of $37.14.

In the past 52 weeks, Hni Corp share prices have been bracketed by a low of $34.60 and a high of $56.96 and are now at $37.14, 7% above that low price. The 200-day and 50-day moving averages have moved 0.39% lower and 2.00% higher over the past week, respectively.

HNI Corporation manufactures and markets office furniture as well as hearth products. The Company's products are sold primarily through dealers, wholesalers, and retail superstores. HNI has operations in the United States and Canada.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Hni Corp.

Log in and add Hni Corp (HNI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights hni corp

Ticker(s): HNI