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Tractor Supply Bullish Moving Average Crossover Alert (TSCO)

By Nick Russo

Tractor Supply (NASDAQ:TSCO) crossed over its 10-day moving average of $55.20 on a volume of 931K shares. Swing traders may find an opportunity 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 $52.85 and are now trading 5% above that low price at $55.60 per share. 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 its subscribers protect gains by selling shares of Tractor Supply on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $69.63. Since that call, shares of Tractor Supply have fallen 21.7%. 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