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Tyson Foods-A (TSN) Crosses Pivot Point Resistance at $82.48

By Shiri Gupta

Shares of Tyson Foods-A (NYSE:TSN) opened today above their pivot of $82.24 and have already reached the first level of resistance at $82.48. Investors may be interested in a cross of the next upside pivot targets of $82.71 and $83.18.

Over the past year, Tyson Foods-A has traded in a range of $49.77 to $82.48 and is now at $82.24, 65% above that low. The 200-day and 50-day moving averages have moved 0.43% higher and 1.57% higher over the past week, respectively.

Tyson Foods-A (NYSE:TSN) defies analysts with a current price ($82.24) 2.3% above its average consensus price target of $80.33. Tyson Foods-A shares have support at the 50-day moving average (MA) of $71.00 and additional support at the 200-day MA of $62.72.

SmarTrend recommended that subscribers consider buying shares of Tyson Foods-A on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.36. Since that recommendation, shares of Tyson Foods-A have risen 48.6%. We continue to monitor TSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts tyson foods-a

Ticker(s): TSN