HRL has struggled to comfortably clear the $50 half figure zone. It is not a great trending stock - it has been a little erratic in the past, despite its overall uptrend since the low of 2000.
The November 2014 to February 2015 consolidation tested $50 time and again - even though this zone had already been retested through August - October 2014.
More recently we have just seen a conformed bull flag and early signs of a more linear trend. It's still a bit choppy for me, so I'm going to keep my eye on it and see what develops.
The November 2014 to February 2015 consolidation tested $50 time and again - even though this zone had already been retested through August - October 2014.
More recently we have just seen a conformed bull flag and early signs of a more linear trend. It's still a bit choppy for me, so I'm going to keep my eye on it and see what develops.