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Stock Of The Day: Will The Tyson Food Rally Continue?
Benzinga· 2025-05-06 18:09
Tyson Foods Inc. TSN shares continue to slide lower on Tuesday. This comes after yesterday's decline of more than 7%. Earnings came in at 92 cents, which was slightly ahead of estimates. But the $13.07 billion of revenue was lower than the $13.14 billion analysts were looking for.Despite today's move, there is a good chance that it could reverse and head higher. This is why we have made it our Stock of the Day.Sometimes, technical market dynamics can be more important than the fundamental news that has been ...
Stock Of The Day: Where Will The MercadoLibre Sell-Off End?
Benzinga· 2025-04-03 17:18
Core Viewpoint - MercadoLibre, Inc. (MELI) is experiencing a downtrend, having broken support at the $1,945 level, indicating a potential for further decline [1][4][5]. Group 1: Stock Performance - The stock has been in a downtrend and is likely to continue moving lower after breaking the $1,945 support level [1]. - The $1,945 level was previously a significant support point, indicating strong buy interest [2]. - The recent break of this support suggests that the demand from buyers has diminished, setting the stage for a potential decline [5]. Group 2: Future Support Levels - If the stock continues to trend lower, the next support level is anticipated to be around $1,800, which was a support level in January [6]. - Traders who previously sold at the $1,945 support may look to buy back at the $1,800 level, potentially creating new support if enough buy orders are placed [7].