Morning Research on Tyson Foods, Smithfield Foods, Hormel Foods, and Pilgrim's Pride PR Newswire LONDON, March 8, 2013 LONDON, March 8, 2013 /PRNewswire/ -- While budget cut fears still loom around, encouraging job growth data helped the markets move further up. Processed food stocks also followed suit and showed good upward movements. The Dow Jones ended its latest session at 14,329.49, up 0.23 percent while NASDAQ was up 0.30 percent to close at 3,232.09. Similarly, S&P ended on a bullish note at 1,544.26, up 0.18 percent. Our research team took a look at Consumer Goods sector including major companies like Tyson Foods Inc. (NYSE: TSN), Smithfield Foods Inc. (NYSE: SFD), Hormel Foods Corporation (NYSE: HRL) and Pilgrim's Pride Corporation (NASDAQ: PPC) which belongs the meat products industry. StockCall has posted free technical research reports on TSN, SFD, HRL, and PPC and these can be accessed by signing up at http://www.stockcall.com/analysis Tyson Foods Inc. shares were up for their latest trading session, ending the day with a 0.85 percent climb to $23.77. The stock fell to an intra-day low of $23.60, while its intra-day high stood at $24.12. With this upward move, the company has been gaining ground this year, compared to a gain of 22.53 percent for the S&P 500. Tyson Foods shares have strong support at around $23.21, as the stock shows bullish trend. The stock is trading higher than its 20-day and 50-day moving averages. It traded 3.91 million shares, in comparison to its usual trading volume of 5.63 million. Download the free report on TSN upon registration at http://www.StockCall.com/TSN030813.pdf Smithfield Foods Inc. traded in the range of $22.65 and $25.03 in its latest trading session and ended the day at $24.68, up 10.67 percent. The stock's 52 weeks range stands at $17.55 and $25.03. Smithfield Foods has gained 4.8 percent of its value in the past 12 months, while the stock is up 14.42 percent so far for 2013. The company is in a bullish mode and may find its first support level at $23.89. It is trading above its 20-day moving average of $24.49, confirming the bullish trend. In its latest session, the stock traded 9.61 million shares, in comparison to its regular volume of 1.71 million. SFD technical report can be accessed for free by signing up at http://www.StockCall.com/SFD030813.pdf Hormel Foods Corporation's stock closed at $38.27, 0.50 percent up. The stock traded in the range of $38.17 and $38.69 during the session, which is also its 52-week high. The stock is currently below its 20-day moving average price of $38.33. Hormel gained 22.62 percent so far this year. Its Price/Earnings ratio is 20.58. The company's stock is in a bullish phase and its first resistance level is at $40.11. On the downside, its first support is at $37.99. Upon breaching this level, its second support level is at $37.40. The free report on HRL can be downloaded by signing up now at http://www.StockCall.com/HRL030813.pdf Despite a sharp decline in its previous trading session, Pilgrim's Pride Corporation is still up 25.67 percent for the year. It has gained 46.07 percent in the past 52 weeks. The stock closed 3.68 percent lower at $8.91 on volume of 702,000 shares. Its average trading volume stands at 730,000 shares. The company's shares currently face resistance at around $9.03. The stock has support at around $8.52. It is currently trading above its 20-day and 50-day moving averages, which is a bullish signal. Free report on PPC can be accessed by registering at http://www.StockCall.com/PPC030813.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person: William T. Knight, Email: email@example.com, Contact Number: +1-(646)396-9857 (9:00 am EST - 01:30 pm EST)
Morning Research on Tyson Foods, Smithfield Foods, Hormel Foods, and Pilgrim's Pride
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