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!
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...
Applying some of the most popular indicators on the pair HRL/HSY shows an interesting pattern. While HSY has been clearly outperforming HRL since December 2018, a trend reversal seems to occur. HRL might catch up in the coming days and weeks.
showing promises of a near term trend reversal, a break above 43.08 could be a nice entry, dyodd
Following similar action on MACD on Jan. 28. RSI above 50%. Previous peak broken.
HRL :NYSE HORMEL FOODs CORP. Elliot Wave Analysis Hello Traders! From a technical point of view, the stock may have completed the bullish impulsive structure (12345) + a corrective structure ( ABC ).
Hormel has went through a nice correction since September and is due another ralley. Waiting for the RSI to be above 50, %R to come above undersold, and MACD to signal. I would do a October Put Credit Spread at 38/39 or if the momentum picks up, go outright with a 70 Delta Call 60 Days out.
Hormel why do you make such good mash potatoes! yum.... anyways, HRL is a bullish stock that has clearly broke the downward channel shown on the chart. This stock has momentum and looks to retest the highs. Buy this for "easy" 8% return. I like to buy this type of trade after having loser position. It boost my morale and these small winners add up on a growing...
HRL: hormel foods corp 2018-02-22 06:30:19 Detected possible increase in guidance
An intraday high potential, Back Tested Long Analysis. We ll try to enter into the correction of the downtrend movement tracking trend oscillators as below: DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice...