Hormel (HRL) Offering Possible 11.11% Return Over the Next 21 Calendar Days

Hormel's most recent trend suggests a bearish bias. One trading opportunity on Hormel is a Bear Call Spread using a strike $35.00 short call and a strike $40.00 long call offers a potential 11.11% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $35.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $40.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Hormel is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Hormel is bearish.

The RSI indicator is at 27.88 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Hormel

VMG Partners Completes Sale of Justin's LLC to Hormel Foods
Thu, 26 May 2016 20:18:00 GMT
PR Newswire – SAN FRANCISCO, May 26, 2016 /PRNewswire/ — VMG Partners, a private equity firm that specializes in investing in and building branded consumer product companies in the lower middle market, today announced that it has completed the sale of Justin's LLC, maker of naturally delicious, high-quality nut butters, nut butter snacks, and organic peanut butter cups, to Hormel Foods (HRL). Wayne Wu, Managing Director at VMG, said, “We enjoyed partnering with an iconic entrepreneur in Justin Gold, his amazing Justin's brand, and its talented management team led by Peter Burns. Justin's pioneered nut butter based snacking driven by a rabid consumer base for its products, in part through inspiration from its roots in Boulder, Colorado.

Goldman Sachs Downgrades General Mills to ‘Sell’
Thu, 26 May 2016 16:06:43 GMT

Hormel Foods Appointed James Sheehan as New CFO
Thu, 26 May 2016 15:05:13 GMT

Hormel Foods Poised for Growth Despite Stiff Competition
Thu, 26 May 2016 14:46:02 GMT

How Is Tyson Foods Valued after Fiscal 2Q16 Earnings?
Thu, 26 May 2016 05:04:45 GMT

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