Tractor Supply had its Relative Strength (RS) Rating upgraded from 63 to 71 Wednesday — a welcome improvement, but still below the 80 or better score you look for.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Tractor Supply can continue to rebound and hit that benchmark.
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Tractor Supply is working on a consolidation with a 61.53 buy point. See if it can break out in heavy trading.
Earnings grew -4% last quarter, up from -6% in the prior report. Revenue also increased, from 2% to 3%.
The company earns the No. 1 rank among its peers in the Retail/Wholesale-Building Products industry group. Tractor Supply and Hillman Solutions are also among the group's highest-rated stocks.
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