Tyson Foods, a meat protein and food production company, continues its bullish trend in order to breakout historical highest levels at USD 62.45.

The economic and financial situation of the company is still strong. Debt is decreasing rapidly and the leverage is reducing at 2.04. Sales increase of 7.5% in 2015 to USD 40 billion. Furthermore, analysts widely revised upward their earnings forecasts. The latest earnings per share amounted to USD 2.95. Finally, the consensus also remains largely positive on the stock with an average target price at USD 66.9.

Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. The 20-day moving average should help to reach the next threshold at USD 67.1.

For reasons above exposed, investors could benefit from the upward trend on Tyson Foods by opening a long trade. A first target could be set at the USD 67.1 and new bullish aim could be further reached. The return under USD 60 would invalidate the recovery scenario and trigger the stop-loss order.