Tractor Supply Co (TSCO) Upgrade Alert, Watch for 3.3% Technical Downtrend Reversal

Tractor Supply Co (NASDAQ:TSCO) upgraded to Overweight at Thomas Weisel. The stock closed yesterday at $46.30 on volume of 294,800 shares, below average daily volume of 555,816.

Tractor Supply is currently below its 50-day moving average of $48.28 and should find support at its 200-day moving average of $41.39.

SmarTrend is bearish on shares of TSCO and our subscribers received a Downtrend alert on October 22, 2009 at $47.87, which has returned 3.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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