Tyson appears to be gearing up for a break-out finally after earnings this coming week from its latest products like plant based chicken nuggets and other similar products appearing to give it a nice boost.
Similar to Luckin Coffee (LK), the stock failed breakouts 4-5 times on different occasions. In this case, just like LK, it appears a breakout is coming shortly. I suspect wherever Tyson lies just before earnings, it will get a +10-12.00 boost and continue to inch its way closer to 100.00 within a week after earnings.
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Only time will tell. A good bet to buy pre-earnings.
Keep in mind that just because bearish volume increases before a company posts earnings, that is not necessarily an indicator of missed revenue - but rather, the opposite for a more volatile and bigger increase post-earnings for the 'big' money players.
- zSplit