Aug. 25 at 9:07 PM
$HRL Trimmed this one into the summer push above
$26, and this technical pullback just delivered the exact reload entry I was looking for.
Price closed today at
$23.78, right above the 200-day SMA (
$23.45) with the 100-day right below at
$23.25. Momentum indicators are oversold across the board (Slow Stochastics down at ~11.5, RSI cooled to 38).
IMO, even with the recovery off earlier generational lows, the consumer staples complex remains historically oversold. As broader sector rotation gathers steam, the macro mean reversion back to reality is just getting started.
Grabbed the Jan 2028 LEAPs today to capture the recovery with plenty of duration on our side. Looking to add some common as well. Stay tuned!
Also bullish
$GIS $CPB $CAG $KHC
