Tyson To Break Sharply Higher…Or Lower (TSN)

Shares of Tyson Foods Inc. TSN are lower on the session by 0.37%, currently trading at $16.15. The stock has been moving largely lower over the past six months in a descending wedge pattern. If the stock breaks $16.00, a strong move lower is in the cards. If it can hold there, upside in the name could be plentiful. Options traders are betting on a break to the upside. The September $17.00 call was purchased 1,870 times, on the offer, earlier in the session in addition to a few smaller lot call purchases in October and January 2011. Call volume is now running at 2.20x the daily average. Tyson Foods, Inc. is a meat protein and food production company. The company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products. It operates in four segments: Chicken, Beef, Pork and Prepared Foods. The company's integrated operations consist of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.