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Shares of Tyson Foods Rise to a New 52-Week High

By David Diaz

Shares of Tyson Foods (NYSE:TSN) traded today at $72.87, breaking its 52-week high. So far today approximately 350,000 shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.

Based on a current price of $72.80, Tyson Foods is currently 25.1% above its average consensus analyst price target of $54.50. The stock should discover initial support at its 50-day moving average (MA) of $66.28 and subsequent support at its 200-day MA of $52.61.

In the past 52 weeks, shares of Tyson Foods have traded between a low of $39.05 and a high of $72.87 and are now at $72.80, which is 86% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.9%.

Tyson Foods, Inc. produces, distributes, and markets chicken, beef, pork, prepared foods and related allied products. The Company's products are marketed and sold to national and regional grocery retailers, regional grocery wholesalers, meat distributors, warehouse club stores, military commissaries, and industrial food processing companies.

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 14.2%. We continue to monitor TSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Tyson Foods

Ticker(s): TSN