HRL - Hormel

Hormel Foods Corporation is an American food company based in Austin, Minnesota that produces Spam luncheon meat. The company was founded as George A. Hormel & Company in Austin by George A. Hormel in 1891. It changed its name to Hormel Foods in 1993.

Hormel sells food under many brands, including the Chi-Chi's, Dinty Moore, Farmer John, Herdez, Jennie-O, Lloyd's, Muscle Milk, Skippy, Spam, La Victoria and Stagg brands, as well as under its own name. The company is listed on the Fortune 500.

Interesting chart. That's quite the rapid dip from the multiple top at $44. Possibly just found some support?

I have been wanting to get in on this one for awhile now, just bought the dip this morning at 39.45. I am very familiar with this one as it is in my home town of Austin, MN. Look at a 3 year chart and see how it honors the 30 day moving average. This is a longer term intention for me, not a swing trade. :)

If somebody wants an example of a resistance level, this is a good chart!