In a welcome move, Tractor Supply saw its Relative Strength Rating rise from 64 to 77 on Monday.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating as they launch their largest runs. See if Tractor Supply can continue to show renewed price strength and clear that threshold.
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Tractor Supply is working on a consolidation with a 61.53 entry. See if the stock can clear the breakout price in heavy trade.
Earnings grew -4% last quarter, up from -6% in the prior report. Revenue also increased, from 2% to 3%.
Tractor Supply 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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