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Emerging Strength in Meat Producer

Emerging Strength in Meat Producer

by | Sep 5, 2024 | Chart SetUps

Tyson Foods (TSN) shares are showing relative strength with consumer goods names outperforming recently and working out of a nice flag on the daily while the weekly is working above the 200-week EMA and AVWAP off its 2022 highs putting retracement targets at $66.40 and then $73 in focus, the bottoming pattern breakout measuring to a target of $79.50. TSN is seeing solid Chicken/Pork performance while Beef has struggled, but an overall resilient business for an economic slowdown. TSN is trading 9.6X EBITDA with EPS seen rising 33% in FY25 and 21% in FY26 despite modest topline growth