Bearish Moving Average Cross by Tyson Foods (TSN)
Tyson Foods (NYSE:TSN) crossed under its 10-day moving average of $75.34 on a volume of 330K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Tyson Foods has traded in a range of $39.05 to $76.23 and is now at $75.14, 92% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.3%.
SmarTrend recommended that subscribers consider buying shares of Tyson Foods on June 24th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.41. Since that recommendation, shares of Tyson Foods have risen 19.2%. We continue to monitor TSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Tyson Foods