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Bearish Moving Average Cross by Tractor Supply (TSCO)

By David Diaz

Tractor Supply (NASDAQ:TSCO) crossed under its 10-day moving average of $111.57 on a volume of 177K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Tractor Supply share prices have moved between a 52-week high of $114.25 and a 52-week low of $75.84 and are now trading 46% above that low price at $110.58 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Tractor Supply on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.56. Since that recommendation, shares of Tractor Supply have risen 7.8%. We continue to monitor TSCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tractor supply

Ticker(s): TSCO