Amitamit2000
Long

HRL is interesting for a long play

NYSE:HRL   HORMEL FOODS CORP
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HRL - consumption industry
Last month it released very positive financial statements.
A clear level of resistance at each interval is at 44
The stock is on a major upward trend.
RSI is not oversold, OBV is still low. also, note that the stock is trying to cross the upper bollinger strap.
Following it for breaking the 44 level after I see a confirmation candle and the entry of volume . it may take some time though… support of a bull market wouln't hurt, so following it as well.
This is not a recommendation to buy or sell,
insights are always welcome.

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HRL brokeout the 44 level and its become a support area.
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