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After Yesterday's Rally of 1.82% Shares Could Potentially Pullback

By Nick Russo

Tyson Foods-A (NYSE:TSN) traded in a range yesterday that spanned from a low of $59.88 to a high of $61.26. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $60.10 on volume of 955,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Tyson Foods-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tyson Foods-A in search of a potential trend change.

Over the past year, Tyson Foods-A has traded in a range of $56.79 to $84.65 and is now at $61.10, 8% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.6%.

Keywords: rebounders tyson foods-a

Ticker(s): TSN