Tractor Supply had its Relative Strength (RS) Rating upgraded from 64 to 74 Friday — a welcome improvement, but still shy of the 80 or better score you look for.
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This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Tractor Supply can continue to show renewed price strength and clear that threshold.
Tractor Supply broke out earlier, but is now around 4% below the prior 61.53 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also keep in mind that the latest consolidation is a later-stage base, and those involve more risk.
Tractor Supply saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -8% to 3%. Revenue rose from 2% to 5%.
Tractor Supply earns 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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