Pre-Market Update on TSN, SFD and PPC

LONDON -- (Marketwire) -- 02/22/13 -- Stocks slipped for a second straight day on Thursday as weak Eurozone and U.S. economic data weighed down investors' sentiment. The Dow Jones closed 0.34% lower at 13,880.62, the S&P 500 closed 0.63% lower at 1,502.42, and the NASDAQ closed 1.04% lower at 3,131.49. At the close of Thursday's trading session, our research team took notice of some stocks in the Meat Products sector, Tyson Foods Inc. (NYSE: TSN), Smithfield Foods Inc. (NYSE: SFD) and Pilgrim's Corp. (NASDAQ: PPC). Wall Street Active research team has completed free research on TSN, SFD and PPC. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at

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Tyson Foods Shares Up Sharply for the Year

Tyson Foods shares edged lower in Thursday's trading session, tracking losses in the broad market. The stock closed 0.68% lower at $23.40 on above average volume of 5.38 million. For the week, the stock has fallen more than 2.5%. Despite the pullback this week, the stock is still up more than 20% for the year, outperforming the S&P 500. Technical indicators for the stock are giving bearish signals at the moment. The stock's MACD recently moved below the zero-line. The MACD histogram is also showing increasing downward momentum. The stock currently has support at $23. Sign up today and get useful insight about TSN for free at

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Smithfield Foods Inc. Shares Rise Sharply

Despite the sharp decline in the broad market on Thursday, shares of Smithfield Foods rose sharply, ending the day 1.75% higher at $22.73 on above average volume of 2.25 million. The stock rebounded yesterday after falling nearly 6% in the previous trading session. Smithfield Foods shares slipped below its 50-day moving average as a result of the sharp decline on Wednesday. The stock's MACD chart is still giving bearish signals. Smithfield Foods Inc. shares face resistance at around $23. Free report on SFD can be accessed by registering at

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Pilgrim's Pride Shares Fell Sharply

Shares of Pilgrim's Pride fell sharply on Thursday, ending the day 2.59% lower at $8.66 on above average volume of 826,983. The stock had fallen more than 4% in the previous trading session. Despite the sharp decline in the last two trading sessions, the stock is still higher for the week, thanks to the rally on Tuesday. Pilgrim's Pride shares rose nearly 10% on Tuesday. Year-to-date, the stock has gained more than 22%, easily outperforming the broad market. The stock currently has support at $8.50. Register with Wall Street Active and download the research on PPC for free at

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Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.