Monday, April 02, 2018 11:24:21 AM
As the trade war talks heat up there are many U.S stocks coming under selling pressure today. Tyson Foods Inc (NYSE:TSN) is a leading pork producer that is falling lower by $3.56 to $69.59 a share. This decline in TSN stock comes as China announced an increase in import duties on pork, apples and other products. Traders must now watch the $66.00 area as the next major support level for TSN stock. This level is where the stock broke out in September 2017. Often, prior breakout levels will serve as major support when retested. Some other food stocks that are also coming under selling pressure include Hormel Foods Corp (NYSE:HRL) and Pilgrims Pride Corp (NYSE:PPC).
Nicholas Santiago
InTheMoneyStocks
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