H1RL34 trade ideas
HRL:NYSE HORMEL FOODS CORP. Elliot Wave Analysis 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 Due a RalleyHormel 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.
Looking for a Pain Free Trade? Buy HRLHormel 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 account.
Take care guys.
HRL Detected possible increase in guidance this morning!!!HRL: hormel foods corp
2018-02-22 06:30:19
Detected possible increase in guidance
HRL Long OpportunityAn 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 or recommendation to invest money on.
HRL long great R/RHRL long due to following setups
1) Daily oversold with RSI about 40
2) Weekly support retest after the breakout in Nov
3) Daily horizontal support
4) Support from Gapfill right below
5) Printed a hammer on Friday (ofcourse needs a confirmation tomorrow)
Everything above bodes well for higher prices. Can go long with a stop under under $34.
Hormel misses 3Q profit forecastsAUSTIN, 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 per share.
The maker of Spam canned ham, Dinty Moore stew and other foods posted revenue of $2.21 billion in the period.
HRL on sale in aisle 3Hormel Foods saw 10x daily average call volume today. 4,880 July 35 calls traded .30 - .35 vs OI of 1,970. Weekly chart shows support has held, and daily chart gives easy stop under 33.5 with upside target over 35 for those July calls to pay.
HRL broke good support on pre-marketIt trades now below support of 35.35, 5% below yest. close. Vols thin thou. Good short if stays below this level w/target into 34.70-80 area
HRL, LONGHave bounce momentum once near the resistance line.
The drop caused by major competitor Tyson's lower than expected earning growth. Actually, this company will report its own earnings tomorrow, it stands a high chance it can archeive its target.
$HRL immature falling wedge on daily$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
Bullish ADX at HORMEL FOODSHere we have a nice bullish ADX crossing signal at HORMEL FOODS Inc. with a risk reward ration of 2.5
$HRL - Bullish uptrend.Of course, the 1ST buy entry would be the best case scenario with a R/R Ration of 3.75 . Anything under the $38.19 line I don't trust because it will be breaking 3 kinds of support .
As for my 2ND buy entry, I don't think I would take the risk BUT it's an option.
HRL - Long
Strong earnings release 2w ago
Weekly NR3
Strong daily close on a down day, closing above 5ema
