Hormel Foods Corporation (HRL) Enters Overbought Territory - Tale of the Tape

By Zacks Equity Research,

Shutterstock photo

Hormel Foods Corporation ( HRL ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because HRL is now in overbought territory with an RSI value of 70.87. Furthermore, estimates for the Hormel Foods Corporation have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

HORMEL FOODS CP (HRL): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: HRL

More from Zacks.com




Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com