The bullish DailyPlay we chose for Thursday, June 6th is Tyson (TSN). TSN is part of the Consumer Staples Sector (XLP). XLP has declined 0.26% higher over the past month but its 1m and 6m trend turned bullish yesterday and recently broke above its $57 resistance level.
Tyson’s 1m and 6m trends turned bullish yesterday and recently broke above its $78 resistance level. With a technical score of 10 (out of 10), TSN is a strong stock that will likely continue higher.
As a stop loss, if TSN was to trade below $78 for multiple days, this would invalidate our analysis and suggest getting out of the trade.