Tractor Supply (TSCO) Showing Relative Strength, Flagging Near New Highs
Tractor Supply (TSCO) hitting the ‘inside week’ scan today after a series of narrow closes and relative outperformance to the broader markets over the last week with closes on Friday above its 8- and 21-EMA. Shares are coiled around monthly VPOC and just under its value high at $232 and a breakout move continues a nice trend higher since earnings in October. The short-term measured move is out to $245. Shares look ready to run on a move higher with RSI back above 60 and MACD reset off of recent highs and starting to turn higher.