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Bullish Moving Average Cross by Hormel Foods Crp (HRL)

By Amy Schwartz

Hormel Foods Crp (NYSE:HRL) crossed over its 10-day moving average of $45.51 on a volume of 165K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Hormel Foods Crp share prices have moved between a 52-week high of $51.53 and a 52-week low of $37.00 and are now trading 27% above that low price at $47.03 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Hormel Foods Crp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hormel Foods Crp in search of a potential trend change.

Keywords: moving crosses hormel foods crp

Ticker(s): HRL