Recent 52-Week High Exceeded in Shares of Tyson Foods (TSN)

Published on Thu, 03/14/2013 - 14:33
By Robert Cotter in 52 Week high-lows, TSN, 52 week high/lows, nyse:tsn, tyson foods

Tyson Foods (NYSE:TSN) traded at a new 52-week high today of $24.42. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 5.6 million shares.

Tyson Foods, Inc. produces, distributes, and markets chicken, beef, pork, prepared foods and related allied products. The Company's products are marketed and sold to national and regional grocery retailers, regional grocery wholesalers, meat distributors, warehouse club stores, military commissaries, and industrial food processing companies.

Tyson Foods share prices have moved between a 52-week high of $24.42 and a 52-week low of $14.06 and are now trading 74% above that low price at $24.39 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.

Potential upside of 8.6% exists for Tyson Foods, based on a current level of $24.39 and analysts' average consensus price target of $26.50. The stock should discover initial support at its 50-day moving average (MA) of $22.43 and subsequent support at its 200-day MA of $18.51.

By Robert Cotter
rcotter@fnno.com

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