Tractor Supply Bearish Moving Average Crossover Alert (TSCO)
Tractor Supply (NASDAQ:TSCO) crossed under its 10-day moving average of $84.48 on a volume of 305K shares. This may provide short-term investors a chance 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 $83.37, 11% 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 June 17th, 2016 by issuing a Downtrend alert when the shares were trading at $91.29. Since that call, shares of Tractor Supply have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses tractor supply