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Buy A Food Stock? Now? In The Middle Of This Tech Rally?

This is a Symbol Surfing Post from Thu, Jun 7, 2018.


"The company is the world's second largest processor and marketer of chicken, beef, and pork after JBS S.A. and annually exports the largest percentage of beef out of the United States."

https://en.wikipedia.org

Tyson Foods is up about 5% since it's recent earnings announcement and it looks like the stock price is close to a long-term support trendline.

TSN has a strong dividend payment history as well.

Many of the other food stocks have not fared very well over the past year.

Meanwhile, Tyson is up 16% over the past 12 months even after the 17% decline after reaching a record high in December of 2017.

With all that said, I think this looks good.


Thu, Jun 7, 2018 TSN @ $69.71

A Possible Break Out To A New 52 Week High?

This is a Symbol Surfing Post from Thu, Jun 7, 2018.


I was browsing the golden cross stocks list.

Exelon stood out to me.

The 52 week high was $42.67 on November 15, 2017.

Since then, the stock dropped down to $36.

Then there seemed to be a reversal in the downtrend.

The 2 black vertical lines are the 2 most recent earnings dates.

As you can see the stock price has increased after each earnings release.

Also, the stock price has climbed all the way back to the previous 52 week high.

This can be a very bullish sign.

The "golden cross" is when the 50 day and 200 day moving averages cross in an upward direction below the stock price.

Ideally, the stock price is still near the cross...like it is now.

I like this type of setup.

Oh yeah, EXC is also a dow utility stock with a 3.5% annual dividend yield.


Thu, Jun 7, 2018 EXC @ $40.14