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Bullish Moving Average Cross by Tractor Supply (TSCO)

By David Diaz

Tractor Supply (NASDAQ:TSCO) shares have crossed bullishly above their 10-day moving average of $63.94 on a volume of 296K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Tractor Supply share prices have been bracketed by a low of $49.87 and a high of $95.39 and are now at $64.50, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Tractor Supply on January 31st, 2018 by issuing a Downtrend alert when the shares were trading at $77.24. Since that call, shares of Tractor Supply have fallen 18.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tractor supply

Ticker(s): TSCO