The bullish DailyPlay we chose for Wednesday Dec 27th is Tyson Foods (TSN). TSN is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 4.93% move higher and its 1m and 6m trend has turned bullish on 11/3 while breaking above its $98 resistance level which now becomes support.
Tyson Food’s 1m and 6m trends turned bullish on 9/5 and recently bounced higher off its $80 support level. With a technical score of 9 (out of 10), TSN is a strong bullish stock that is likely to continue higher.
As a stop loss, if TSN was to trade below $80 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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