OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday July 8th is Tyson Foods, Inc. (TSN). TSN is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 1.13% move higher as both 1-month and 6-month trends turned bullish on Tuesday.

Tyson Foods, Inc.’s 1-month and 6-month trends turned bullish on Tuesday as it crossed above its $42.82 resistance level which becomes support. TSN is showing positive momentum as it looks positioned to continue higher.

View this trade idea on $TSN