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

By Nick Russo

Shares of Tyson Foods-A (NYSE:TSN) traded at a new 52-week high today of $90.73. So far today approximately 343,000 shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.

In the past 52 weeks, shares of Tyson Foods-A have traded between a low of $49.77 and a high of $90.73 and are now at $90.73, which is 82% above that low price. The 200-day and 50-day moving averages have moved 0.59% higher and 0.44% higher over the past week, respectively.

Based on a current price of $90.73, Tyson Foods-A is currently 11.5% above its average consensus analyst price target of $80.33. The stock should find initial support at its 50-day moving average (MA) of $82.39 and further support at its 200-day MA of $69.71.

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-A on July 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.86. Since that recommendation, shares of Tyson Foods-A have risen 9.7%. 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-a

Ticker(s): TSN