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Tale of the Tape

Zacks Equity Research

Hormel Foods Corporation (HRL) Enters Overbought Territory
July 30, 2013


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Hormel Foods Corporation (HRL - Analyst Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because HRL is now in overbought territory with an RSI value of 70.87. Furthermore, estimates for the Hormel Foods Corporation have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.