One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Tractor Supply (TSCO) stock now clears that threshold, with a jump from 80 to 83 Friday.
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This proprietary rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the market’s biggest winners often have an RS Rating of at least 80 in the early stages of their moves.
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Is Tractor Supply Stock A Buy?
Tractor Supply stock is now considered extended and out of buy range after clearing a 230.79 buy point in a first-stage double bottom. See if the retail stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The rural lifestyle retailer reported negative growth for both sales and earnings last quarter. Tractor Supply is expected to release its next quarterly numbers on or around Apr. 18.
Tractor Supply stock earns the No. 2 rank among its peers in the Retail/Wholesale-Building Products industry group. Global Industrial (GIC) is the No. 1-ranked stock within the group.
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