On Friday, Tractor Supply earned a positive adjustment to its Relative Strength (RS) Rating, from 75 to 82.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Tractor Supply is trying to complete a consolidation with a 61.53 entry. See if it can clear the breakout price in heavy trade.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -4%, compared to -6% in the prior report. Revenue increased from 2% to 3%. Look for the next report on or around Apr. 24.
The company holds the No. 1 rank among its peers in the Retail/Wholesale-Building Products industry group. Home Depot and Lowe's 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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