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Uptrend Call Working As Hooker Furniture Stock Rises 19.8% (HOFT)

By James Quinn

SmarTrend identified an Uptrend for Hooker Furniture (NASDAQ:HOFT) on April 6th, 2018 at $39.83. In approximately 2 months, Hooker Furniture has returned 19.77% as of today's recent price of $47.70.

In the past 52 weeks, shares of Hooker Furniture have traded between a low of $21.12 and a high of $52.75 and are now at $47.70, which is 126% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.7%.

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 shifts in the trajectory of Hooker Furniture shares.

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