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Tyson Foods-A Crosses Above its 10-day MA (TSN)

By Shiri Gupta

Today, shares of Tyson Foods-A (NYSE:TSN) have crossed bullishly above their 10-day moving average of $86.07 on a volume of 263K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Tyson Foods-A share prices have been bracketed by a low of $49.77 and a high of $89.88 and are now at $86.91, 75% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.6%.

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 4.8%. 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-a

Ticker(s): TSN