SmarTrend identified an Uptrend for Hormel Foods (NYSE:HRL) on September 11th, 2012 at $29.06. In approximately 4 months, Hormel Foods has returned 15.95% as of today's recent price of $33.69.

Over the past year, Hormel Foods has traded in a range of $27.28 to $33.82 and is now at $33.69, 23% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

Hormel Foods Corporation manufactures and markets consumer-branded meat and food products. The Company processes meat and poultry products and produces a variety of prepared foods. Hormel markets its products around the world under a variety of branded names.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Hormel Foods shares.

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