In a welcome move, Tractor Supply stock saw its Relative Strength Rating rise from 65 to 71 on Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they begin their largest climbs. See if Tractor Supply can continue to show renewed price strength and hit that benchmark.
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Is Tractor Supply Stock A Buy?
Tractor Supply stock is working on a consolidation with a 241.64 buy point. See if it can break out in volume at least 40% above average.
The retailer reported 6% EPS growth in its most recent report, while sales growth came in at 8%. The company is expected to report its latest results on or around Jul. 19.
Tractor Supply stock earns the No. 9 rank among its peers in the Retail/Wholesale-Building Products industry group. Global Industrial and Beacon Roofing Supply are also among the group's highest-rated stocks.
