NYSE:HRL Bear Flag Weekly Chart The technical analysis of a bear flag pattern on the weekly chart of Hormel Foods Corporation (ticker symbol: NYSE:HRL ) reveals a potentially bearish trend continuation signal. A bear flag is a price pattern characterized by a sharp downward move (the flagpole) followed by a period of consolidation marked by parallel trendlines...
HRL oversold here on long term support expect a bounce to $43 in coming days
Hormel Foods is on a tear. After being trapped under 43.54 for a few sessions it ripped higher blowing right through the most significant of the Aspen S/R Levels (Purple) and went right Red @ 48.84. Use any consolidation or pull-backs to go long with an upside target at 51.07 FYI: all the lines on this chart have been here all year - no drawing in lines after...
my idea in HRL, im short in this stock. great RR .
HRL is forming cup w handle. Detailed explanation in on the chart. If you like, please "like" :)
Especially Cramer! Hormel is "Recession Proof" It's not technical proof!
AJG, EIX, ALL, APD, CI, CVS, HEI, HRL, HSY, KMB, MKC, TSN
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.
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 ).
AUSTIN, Minn. (AP) _ Hormel Foods Corp. (HRL) on Thursday reported fiscal third-quarter earnings of $182.5 million. On a per-share basis, the Austin, Minnesota-based company said it had profit of 34 cents. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents...
$HRL falling wedge forming on daily. Former H&S neckline serving as resistance. Expecting a pullback into wedge support (demand), then a move north through resistance (supply) to upside. Short ----> then Long
Nice candles and a strong break above resistance. Should continue higher and the EMA'S should provide some cushion.