Tractor Supply Bearish Moving Average Crossover Alert (TSCO)
Tractor Supply (NASDAQ:TSCO) shares have crossed bearishly below their 10-day moving average of $95.37 on a volume of 186K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Tractor Supply share prices have been bracketed by a low of $75.00 and a high of $97.25 and are now at $94.68, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
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 11.1%. 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