• Return to Headlines

Bullish Moving Average Cross by Tractor Supply (TSCO)

By Nick Russo

Today, shares of Tractor Supply (NASDAQ:TSCO) have crossed bullishly above their 10-day moving average of $93.08 on a volume of 216K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Tractor Supply share prices have moved between a 52-week high of $97.25 and a 52-week low of $75.00 and are now trading 25% above that low price at $94.01 per share. The 200-day and 50-day moving averages have moved 0.02% higher and 0.83% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Tractor Supply on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.99. Since that recommendation, shares of Tractor Supply have risen 6.5%. 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