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Watch for Tractor Supply to Potentially Rebound After Falling 2.49% Yesterday

By James Quinn

Tractor Supply (NASDAQ:TSCO) traded in a range yesterday that spanned from a low of $100.94 to a high of $103.00. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $101.76 on volume of 678,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Tractor Supply. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tractor Supply in search of a potential trend change.

In the past 52 weeks, shares of Tractor Supply have traded between a low of $78.67 and a high of $114.25 and are now at $100.94, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.4%.

Keywords: rebounders tractor supply

Ticker(s): TSCO