Tyson Foods Inc. stock trades under the ticker TSN & has shown recent bullishness that traders & investors should take a closer look into.
TSN stock closed at $88.82/share on 3/29/2022.
Tyson Foods Inc. TSN Stock’s Technicals Broken Down
TSN Stock Price: $88.82
10 Day Moving Average: $87.09
50 Day Moving Average: $91.07
200 Day Moving Average: $81.56
RSI: 49.23
MACD: -1.299
Yesterday, TSN stock completed a bullish MACD crossover, while also breaking out above its 10 day moving average.
Their RSI is neutral at 49, and their average volume in 2022 has been greater than their average for the year prior.
TSN stock will need to test the $89.09, $89.15 & $89.50/share resistance levels.
Tyson Foods Inc. TSN Stock As A Long-Term Investment
Long-term oriented investors will find TSN stock’s valuation metrics appealing, with a P/E (ttm) of 8.46 & a P/B (mrq) of 1.69.
TSN stock recent reported Quarterly Revenue Growth Y-o-Y of 23.6%, with 140% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a deeper inspection, with Total Cash (mrq) of $2.96B & Total Debt (mrq) of $9.36B.
TSN stock pays a 2.1% dividend yield, which appears to be stable with a low 17.7% payout ratio.
85% of TSN stock’s outstanding share float is held by institutional investors.
Tyson Foods Inc. TSN Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from TSN stock’s price movement, while hedging against broader market volatility.
I am looking at the contracts with the 4/14 expiration date.
The $85, $87.50 & $90 call options all look appealing, and have sufficient levels of open interest for trading.
The $90, $92.50 & $95 puts also look interesting, with the former having the most liquidity.
Tying It All Together
Overall, there are many appealing characteristics to TSN stock.
Investors will be pleased with their dividend yield & valuation metrics, but may want to do more digging into the structure of their balance sheet.
Traders will like their momentum, as well as the liquidity of their at-the-money options contracts.
TSN stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF TSN STOCK ***