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After Yesterday's Rally of 1.87% Shares Could Potentially Pullback

By Amy Schwartz

Tyson Foods (NYSE:TSN) traded in a range yesterday that spanned from a low of $65.82 to a high of $67.10. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $66.57 on volume of 1.5 million 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. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tyson Foods in search of a potential trend change.

Tyson Foods share prices have moved between a 52-week high of $68.84 and a 52-week low of $38.75 and are now trading 73% above that low price at $66.96 per share. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.5%.

Keywords: rebounders Tyson Foods

Ticker(s): TSN