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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.
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Interesting chart. That's quite the rapid dip from the multiple top at $44. Possibly just found some support?
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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.
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If somebody wants an example of a resistance level, this is a good chart!
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