Tyson Foods (TSN) NewsBite - TSN Downgraded By BB&T Capital Markets
Oct 30, 2009 (Fresh Brewed Media via COMTEX) --
Company: Tyson Foods, Inc. (TSN)
Tyson Foods (TSN) was downgraded today by analysts at BB&T Capital Markets and the stock is now at $12.71, down $0.35 (-2.68%) on volume of 1,619,321 shares traded. The analysts reduced TSN to Hold from Buy. Over the last 52 weeks the stock has ranged from a low of $4.40 to a high of $14.25. Tyson Foods stock has been showing support around $12.20 and resistance in the $13.50 range. Technical indicators for the stock are bullish and S&P gives TSN a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TSN the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 15 range.
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Company: Tyson Foods, Inc. (TSN)
Related terms: S&P
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