Show Me the Money! 16 June, 2020, by Vladimir Rojankovski, Grand Capital Chief Analyst Hormel Foods (HRL) performed well in the index correction episode of the end of last week, losing only 2.4% (two point four per cent) in its lowest point against the 6%+ (six percent plus) index correction. That said, HRL remains a defensive stock with a Beta coefficient of...
Based on their median growth I am happy with their performance and trust they will grow slowly but strongly just like their dividends
Hello traders, for a few days the buyers have responded, it may be that the market returns ... Please LIKE & FOLLOW, thank you !
With all the BS going on. The one thing I can be certain about is that this goes up. The only thing people are buying is food and I know how much Americans need their packaged meat. They shut down a couple factories due to covid, but they are on track to have a strong year and I would want to hold this stock thru earnings.
HRL is a strong stock, and has made three pushes to the downside. It is at the third push to the downside, at a point of critical support. I have drawn a line from prior support from price action and volume profile where I believe buyers will step in. There is divergence between price action and the CCI (10) indicator and weak divergence between price action and...
Hormel Foods Corp Pending Order Placement Entry Placement 50.83 Take Profit Placement 57.77 Stop Loss Placement 46.20
This is set up beautifully. I didn't make any bets on the market but this seems like a safe bet. If it goes any lower I will exit.
HRL is forming cup w handle. Detailed explanation in on the chart. If you like, please "like" :)
Hormel Foods Corp Pending Order Placement Entry Placement 49.00 Take Profit Placement 52.64 Stop Loss Placement 46.57
Hormel Foods is an industrial scale grocery supplier. Similar footprint to that of Campbell's $CPB but with a lower OpEx and higher revenues. Notably, the company trades at nearly 3x P/S versus Campbell's which trades at 2x P/S. Both seem like logical, undervalued, consumer staples, though I would see a convergence in this price differential as we come closer...
Especially Cramer! Hormel is "Recession Proof" It's not technical proof!
watch dis one for good long enters, remember USE STOP LOSS!
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...