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Tractor Supply Bullish Moving Average Crossover Alert (TSCO)

By Amy Schwartz

Today, shares of Tractor Supply (NASDAQ:TSCO) have advanced above their 10-day MA of $85.12 on a volume of 232K 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.

In the past 52 weeks, shares of Tractor Supply have traded between a low of $75.00 and a high of $97.25 and are now at $85.77, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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 7.3%. 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