Tyson Foods, Inc. : Reversal movement
Entry price | Target | Stop-loss | Potential |
---|
$27.57 |
$0 |
$26.7 |
-100% |
---|
The upward trend (mid and long term) could come to support Tyson Foods in the coming sessions.
The fundamentals support the stock with a gradual upward revision of earnings per share by analysts. The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.32x for the current year.
Tyson Foods is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level (USD 27.5). This threshold, if preserved, will enable an upward reversal movement.
In this configuration, investors will benefit from a technical rebound on the USD 27.5 area. They could take a buy order on this level and get a good entry point with a stop-loss below the medium term support.
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