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Actionable news in TSN: TYSON FOODS Inc,

A Few Longs Chicken Out Of Tyson Foods After Q1 Report

Tyson Foods, Inc. TSN 2.14% are trading higher by $1.12 at $68.33 in Monday's session. The catalyst for the rally is a Q1 EPS beat of $0.11 along with a slight revenue beat. Also, the company raised FY 2016 guidance.

After trading all the way to $71 in pre-market trading immediately following the report, it could do no better than $70.44 during the regular session.

Since reaching that elevated level, profits-takers have come into the issue, taking it as low as $68.07. That's well ahead of the top of Friday's range, which stands at $67.34.

In order to post a new all-time closing high, it will need to close over $68.37.

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