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anothernic
Oct 4, 2021 5:58 PM

HRL Cautious Long Long

Hormel Foods CorporationNYSE

Description

Oversold on RSI dailies, retesting March 2020 lows (and really December 2018 correction). PT $41.50 / $42.30 / $43.50. SL $40.20. Entry $40.85.

Plenty of room for a wider stop, and if you're a time traveler (or already in a position) a better entry.

Hoping HRL turns around since I'm holding shares, but no real guestimate on timespan to do so. Fundamentals look okay, with solid EPS $1.687, regular dividend payments, and an OK P/E of 26.

Disclaimer: Not financial advice, and I'm not a chart guru either. Good luck with your plays.
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