Tractor Supply Shows Rising Price Performance With Jump To 83 RS Rating

Tractor Supply (TSCO) saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 78 to 83.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique RS Rating tracks market leadership by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history reveals that the best stocks often have an 80 or higher RS Rating as they begin their biggest runs.

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Tractor Supply has moved more than 5% past a 189.41 entry in a second-stage cup with handle, meaning it’s now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 10% to 20%. Revenue rose from 13% to 16%.

Tractor Supply holds the No. 7 rank among its peers in the Retail/Wholesale-Building Products industry group. SiteOne Landscape Supply (SITE) and GMS (GMS) are also among the group’s highest-rated stocks.


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