Hormel (HRL) Offering Possible 9.89% Return Over the Next 20 Calendar Days

Hormel's most recent trend suggests a bullish bias. One trading opportunity on Hormel is a Bull Put Spread using a strike $41.50 short put and a strike $36.50 long put offers a potential 9.89% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $41.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $36.50 long put 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 up which suggests that the medium-term momentum for Hormel is bullish.

The RSI indicator is at 55.61 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Hormel

The Makers Of Hormel® Chili Announce Thursdays With Thielen – A Season-Long Partnership With Star Wide Receiver Adam Thielen Encouraging Fans To “Pour On The Excitement”
Thu, 29 Aug 2019 14:00:00 +0000
AUSTIN, Minn., Aug. 29, 2019 /PRNewswire/ — The makers of Hormel® Chili, America's iconic No.1 selling chili brand, are teaming up with star wide receiver Adam Thielen for a season-long partnership to showcase all the ways fans can add excitement to their meals, game day snacks and tailgate foods with Hormel® Chili. The Thursdays with Thielen campaign will highlight a variety of team/city-inspired recipes created to remind families of the many uses of Hormel® Chili for everyday meals. Thielen will be joined by his family, star chefs from major team markets and restaurateurs during key moments throughout the duration of the football season.

The Zacks Analyst Blog Highlights: Visa, United Technologies, United Parcel Service, Exxon Mobil and Hormel Foods
Wed, 28 Aug 2019 14:33:02 +0000
The Zacks Analyst Blog Highlights: Visa, United Technologies, United Parcel Service, Exxon Mobil and Hormel Foods

Hormel Foods Gains From Refrigerated Foods, Grocery Unit Weak
Wed, 28 Aug 2019 13:02:01 +0000
Hormel Foods Corporation's (HRL) Refrigerated Foods category is steadily growing on strong brand portfolio and effective strategies. However, Grocery Products and Turkey unit challenges raise concerns.

Hormel Foods to Webcast Presentation at the Barclays Global Consumer Staples Conference
Wed, 28 Aug 2019 12:00:00 +0000
AUSTIN, Minn. , Aug. 28, 2019 /PRNewswire/ — Hormel Foods Corporation (NYSE: HRL) announced today that Jim Splinter , Group Vice President of Corporate Strategy, will present at 2:15 p.m. ET on Wednesday …

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Tue, 27 Aug 2019 18:13:06 +0000
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