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Hooker Furniture Down 24.4% Since SmarTrend Downtrend Call (HOFT)

By David Diaz

SmarTrend identified a Downtrend for Hooker Furniture (NASDAQ:HOFT) on April 17th, 2019 at $27.47. In approximately 5 months, Hooker Furniture has returned 24.43% as of today's recent price of $20.76.

In the past 52 weeks, shares of Hooker Furniture have traded between a low of $17.09 and a high of $41.80 and are now at $20.77, which is 22% above that low price. The 200-day and 50-day moving averages have moved 0.88% lower and 0.67% lower over the past week, respectively.

Hooker Furniture Corporation manufactures and imports residential furniture, primarily targeted at the upper-medium price range. The Company's products include home office furniture, entertainment centers, imported occasional furniture, and bedroom and wall systems. Hooker sells its products to furniture retailers, catalog merchandisers, and national and regional chain stores.

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

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

Keywords: spotlights hooker furniture

Ticker(s): HOFT