Tyson Foods, Inc. (NYSE: TSN)

Tyson Foods, Inc., together with its subsidiaries, engages in the production, distribution, and marketing of chicken, beef, pork, prepared foods, and related allied products worldwide. It operates in four segments: Chicken, Beef, Pork, and Prepared Foods. The company's Chicken segment breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products. Its Beef segment processes live fed cattle; fabricates dressed beef carcasses into primal and sub-primal meat cuts and case-ready products; and sells hides and meats. The company's Pork segment is involved in the processing of live market hogs and allied products; and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Its Prepared Foods segment manufactures and markets frozen and refrigerated food products, such as pepperoni, bacon, beef and pork pizza toppings, pizza crusts, flour and corn tortilla products, appetizers, prepared meals, ethnic foods, soups, sauces, side dishes, meat dishes, and processed meats.
To review Tyson's stock, please take a look at the 1-year chart of TSN (Tyson Foods, Inc.) below with my added notations:
TSN has formed a key level of support at $28 (blue) over the last (3) months. In addition, the stock has created three lower peaks (red) starting in the middle of August. These two occurrences combined have TSN stuck trading within a common chart pattern known as a descending triangle. At some point, the stock has to break support or break its string of lower highs.

The Tale of the Tape: TSN has formed a descending triangle pattern. A short trade could be made on a break of the $28 support. A break through $30 would break the streak of lower highs and would set up a potential long trade.
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