Tyson Foods: Is a Bottom in Place at $15?

Filed under: Tyson Foods'A' (TSN), Stocks to Buy

Food producer Tyson Foods (TSN), first discussed here on May 11, 2009 at a price of $12.35, finally appears to have found some traction, and I obviously still like the shares at this stage.



The shares of Tyson downtrended in bear-hug fashion for much of 2010, walking down to about $15 from $20. However, since then the shares found support at $15 and have since popped back up above $17, including a nice move above the key, 50-day moving average.



In 2011, Tyson's revenue should increase about 3-4%, as food demand rises in-sync with the U.S. and global economic expansions. Chicken and beef margins should widen. Modest pricing power also will occur.

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Tyson Foods: Is a Bottom in Place at $15? originally appeared on BloggingStocks on Fri, 10 Dec 2010 17:00:00 EST. Please see our terms for use of feeds.

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