Tractor Supply saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 65 to 71.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies 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 stocks often have an 80 or higher RS Rating as they launch their biggest climbs. See if Tractor Supply can continue to rebound and clear that threshold.
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Tractor Supply is trying to complete a flat base with a 307.64 buy point. See if the stock can break out in volume at least 40% above average.
Earnings growth fell last quarter from 3% to -7%. But revenue gains moved higher, from 1% to 2%.
Tractor Supply holds the No. 3 rank among its peers in the Retail/Wholesale-Building Products industry group. Hillman Solutions is the top-ranked stock within the group.
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