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Tyson Foods Bullish Moving Average Crossover Alert (TSN)

By Amy Schwartz

Today, shares of Tyson Foods (NYSE:TSN) have crossed bullishly above their 10-day moving average of $74.02 on a volume of 435K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Tyson Foods share prices have moved between a 52-week high of $77.05 and a 52-week low of $39.05 and are now trading 91% above that low price at $74.68 per share. 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%.

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 15.5%. 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