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Look for Shares of Tractor Supply to Potentially Rebound after Yesterday's 1.16% Sell Off

By David Diaz

Tractor Supply (NASDAQ:TSCO) traded in a range yesterday that spanned from a low of $87.46 to a high of $88.80. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $87.79 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Tractor Supply on April 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.10. Since that recommendation, shares of Tractor Supply have risen 36.1%. We continue to monitor TSCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Tractor Supply has traded in a range of $54.76 to $91.92 and is now at $87.70, 60% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.3%.

Keywords: rebounders tractor supply

Ticker(s): TSCO