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Bullish Moving Average Cross by Tyson Foods (TSN)

By Shiri Gupta

Today, shares of Tyson Foods (NYSE:TSN) have advanced above their 10-day MA of $73.13 on a volume of 332K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Tyson Foods has traded in a range of $39.05 to $74.86 and is now at $73.27, 88% 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 15.1%. 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

Ticker(s): TSN