IBD Rating Upgrades: Tyson Foods Shows Improved Relative Price Strength

The Relative Strength (RS) Rating for Tyson Foods (TSN) climbed into a higher percentile Monday, as it got a lift from 61 to 71.

As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the trailing 52 weeks matched up against all other stocks.

History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their largest price moves. See if Tyson Foods can continue to rebound and hit that benchmark.

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Tyson Foods broke out earlier, but has fallen back below the prior 81.89 entry from a cup without handle. In the case where a stock breaks out then falls 7% or more below the entry price, it’s considered a failed breakout. If that happens, it’s best to wait for a new base to form. Also keep in mind that the most recent consolidation is a later-stage base, and those involve more risk.

Taking a look at revenue and profit performance, the company has posted two quarters of accelerating earnings growth. Revenue growth has also risen over the same time frame.

Tyson Foods earns the No. 2 rank among its peers in the Food-Meat Products industry group. Tyson Foods (TSN) and Sanderson Farms (SAFM) are also among the group’s highest-rated stocks.


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