Tyson Foods, Inc. (NYSE:TSN) is trading at $35.54 -1.96. In the last six trading days the stock has fallen from near $44.00 per share. This is a monster collapse for Tyson Foods, Inc. and one that warrants major attention. The large drop is being blamed mostly on their buyout of Hillshire Brands Co (NYSE:HSH). The general consensus is that Tyson Foods, Inc. overpaid. As most investors run for the hills, smart investors are beginning to scope out a buy level. The level on Tyson Foods, Inc. is coming up quickly. The daily chart has the 200 moving average at $35.24 and just below at $34.54 there is a major gap fill. Tyson Foods, Inc. will get a major bounce in this range, likely north of $37.75. While perhaps overpaying for Hillshire Brands Co, Tyson Foods, Inc. is getting into very oversold territory and will be solid swing trade long soon.
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Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com