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Tyson Foods Flops After Earnings, Here's The Trade

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Tyson Foods Flops After Earnings, Here's The Trade

Earlier today, leading food company, Tyson Foods Inc (NYSE:TSN), reported earnings that disappointed the street. The stock is trading lower by $3.50 to $58.09 a share. Traders and investors should note that the stock has been forming a bearish base on the larger times frame charts. This pattern still indicates further downside for the stock price. The next important support level that I see is going to be around the $52.00 level. This is where the stock was defended in January 2016 and it should be solid support when retested. The food company owns popular brands such as Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair.





Nicholas Santiago
InTheMoneyStocks

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