This video is the second of two videos highlighting trade ideas that stand out in the consumer staples sector (components of XLP). The following stocks are covered in this order: MDLZ, CL, EL, STZ, SYY, BF.B, MNST, TSN, GS, K, KR, HSY, CAG, COTY & SJM. playback speed can be increased in the settings to reduce video duration
In updating the trade ideas today, I noticed that although the TSN short trade appears to have already hit the second price target, falling as much as 10% below the short-entry trigger of a move below 73.80, this trade should have been listed as stopped out late last month when the suggested stop of any move above 76.80 was exceeded by a mere 1/10th of 1%. In hindsight, as I often do with trades based off the daily time frame, I should have specified a stop based on a daily close above 76.80 vs. any move above 76.80. As such, despite [...]
The following notes & charts outline the entry criteria, profit targets & suggested stops for a swing trade in TSN, Tyson Foods Inc. Please log in or sign up for your free 3-week trial to view.