• Return to Headlines

Hooker Furniture Shares Down 29.2% Since SmarTrend's Sell Call (HOFT)

By Shiri Gupta

SmarTrend identified a Downtrend for Hooker Furniture (NASDAQ:HOFT) on July 27th, 2018 at $45.58. In approximately 3 months, Hooker Furniture has returned 29.15% as of today's recent price of $32.29.

Over the past year, Hooker Furniture has traded in a range of $21.12 to $52.75 and is now at $32.29, 53% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.5% while the 200-day MA has slid 0.5%.

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