Morning Research on Tyson Foods, Smithfield Foods, Hormel Foods, and Pilgrim's Pride

Morning Research on Tyson Foods, Smithfield Foods, Hormel Foods, and Pilgrim's

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

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 

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 

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 

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 

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