Saturday, 18 October 2014

NSYE stock pick of the day : TYSON FOOD INC

NYSE stock pick for the upcoming session



Recommendation   :             Sell Below $37.00
Target                       :             $35.50

STOCK SUMMARY:-

Tyson Food Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can short the stock below the level of $37.00 which is a near term support level for the stock, and if it manages to breach this level further bearish movement is expected in this stock to test the levels of $35.50.

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CHART FORMATION

Stock is in consolidate trend for near term and price is testing the support level below the trend line with good consolidation on daily intraday chart. Near term breach of support level of $37.00 is expected, which would trigger further bearish sentiment in the stock to test the levels of $35.50.




stock pick analysis chart
INDICATORS:-

RSI is trading with negative bias and is sustaining below the level of 50.
In MACD, signal line is sustaining below MACD line which  is indicating bearish sentiment in the stock.