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Tractor Supply Bullish Moving Average Crossover Alert (TSCO)

By David Diaz

Tractor Supply (NASDAQ:TSCO) crossed over its 10-day moving average of $53.93 on a volume of 253K 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 $52.09 and a high of $95.39 and are now at $54.16, which is 4% 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 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 22.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tractor supply

Ticker(s): TSCO