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Hooker Furniture Has Returned 37.6% Since SmarTrend Recommendation (HOFT)
Mar 14, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Hooker Furniture (NASDAQ:HOFT) on June 27th, 2012 at $11.79. In approximately 9 months, Hooker Furniture has returned 37.57% as of today's recent price of $16.22.
Over the past year, Hooker Furniture has traded in a range of $7.96 to $17.00 and is now at $16.15, 103% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.
Hooker Furniture Corporation manufactures and imports residential furniture, primarily targeted at the upper-medium price range. The Company's products include home office furniture, entertainment centers, imported occasional furniture, and bedroom and wall systems. Hooker sells its products to furniture retailers, catalog merchandisers, and national and regional chain stores.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Hooker Furniture shares.Log in and add Hooker Furniture (HOFT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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