The Hourly View for TSCO
Currently, TSCO (Get Ratings)’s price is up $1.2 (0.63%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Out of Retail stocks, TSCO ranks 27th in regards to today’s price percentage change.
TSCO’s Technical Outlook on the Daily Chart
At the time of this writing, TSCO’s price is up $0.58 (0.3%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as TSCO has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows TSCO’s price action over the past 90 days.
For TSCO News Traders
Investors and traders in TSCO may be particularly interested in the following story that came out in the past day:
For his second Executive Decision segment of “Mad Money” Monday, Jim Cramer spoke with Hal Lawton, president and CEO of Tractor Supply Co. , a agriculture-focused and rural lifestyle retailer that is seeing its shares currently trade for 26x earnings. Lawton admitted that Tractor Supply may not be a household name, but he noted that his company has more than 1,900 locations nationwide, 30% same-store sales growth and more than 20 million loyalty members. When asked about growth, Lawton said the company is seeing strength in core customers but also in a whole new generation of younger customers who are embracing a rural, self-reliant lifestyle.
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