There is another report of bird flu in Tennessee. TSN fell on the news but then rebounded in the afternoon on short covering. There is a long-term short position in TSN. TSN is a major vendor of chickens.
The long-term target zone remains $38 to $45.
The short zone remains $64 to $71. This stock can trade in a wide range. The stock closed at $62.00.
We have been telling you for a while that momentum of TSN earnings is not sustainable. Wall Street fell in love with this stock after it brought Hillshire Brands HSH.