Long Position on HRL @ $43.69 on 3/9/2016 (Momentum)

Hormel Foods Corporation (HRL) produces and markets various meat and food products worldwide.

The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other.

It provides various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, wieners, and bacon; and shelf-stable products comprising canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other products.

The company also offers poultry products, such as turkey products; and nutritional food products and supplements, sugar and sugar substitutes, dessert and drink mixes, and industrial gelatin products.

It sells its products through sales personnel, as well as through independent brokers and distributors. Shares have formed a bullish "cup and handle" following the Company's latest quarterly results. Higher share prices are expected for this stock.

52-Weeks Trading Range: $27.08 - $45.72

Entry Point: $43.69

Stop Loss: $41.51

Target Price: $48.06

Updates

4/25/2016 10:35:11 AM

HRL closed at $37.82.

Position closed on 4/25/2016 at price of $37.82 with a -13.44% loss in 47 days.

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