Shorts Fly The Coop As Tyson Foods Blasts Higher

Tyson Foods, Inc. TSN shares are trading higher by $0.90 at $66.28 in Thursday's session. It is not trading higher for the eighth day in a row and for the 12th time in its last 13 sessions. It has made a new all time intra-day and closing high in all but two of those thirteen session.

After a higher open, it retreated and found support just under Wednesday's close ($65.38), reaching $65.22 before resuming its move higher. It has surpassed Wednesday's (former all-time high) by $1 reaching $66.42 so far in today's session.