Bullish DailyPlay for Wednesday Dec 27th, 2017 – Tyson Foods (TSN)
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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