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Bullish Moving Average Cross by Tractor Supply (TSCO)

By James Quinn

Tractor Supply (NASDAQ:TSCO) crossed over its 10-day moving average of $101.98 on a volume of 169K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Tractor Supply has traded in a range of $78.67 to $114.25 and is now at $102.32, 30% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tractor Supply on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $107.33. Since that call, shares of Tractor Supply have fallen 5.6%. 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