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Bearish Moving Average Cross by Hormel Foods Crp (HRL)

By David Diaz

Hormel Foods Crp (NYSE:HRL) crossed under its 10-day moving average of $47.01 on a volume of 162K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Hormel Foods Crp has traded in a range of $37.00 to $51.53 and is now at $46.88, 27% above that low. The 200-day and 50-day moving averages have moved 0.22% higher and 0.11% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Hormel Foods Crp on March 17th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.78. Since that recommendation, shares of Hormel Foods Crp have risen 3.5%. We continue to monitor HRL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hormel foods crp

Ticker(s): HRL