Tractor Supply saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 69 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Tractor Supply can continue to rebound and clear that threshold.
While Tractor Supply is not near a proper buying range right now, see if it manages to form and break out from a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 3%, compared to -8% in the prior report. Revenue increased from 2% to 5%.
The company holds the No. 1 rank among its peers in the Retail/Wholesale-Building Products industry group. Home Depot and Titan Machinery are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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