Long Position on TSCO @ $76.50 on 1/9/2014 (Momentum)

Tractor Supply Company (TSCO) operates retail farm and ranch stores in the United States.

Its stores provide a selection of merchandise, including equine, livestock, pet, and animal products, such as items for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products comprising lawn and garden items, power equipment, gifts, and toys; maintenance products for agricultural and rural use; and work/recreational clothing and footwear products.

As of September 28, 2013, the company operated 1,245 stores in 47 states, as well as a Website under the TractorSupply.com name. It serves recreational farmers and ranchers, as well as tradesmen and small businesses.

Shares have fomed a bullish "cup & handle" and higher share prices are expected for this stock. 

52-Week Trading Range: $45.28 - $78.17

Entry Point: $76.50

Stop Loss: $72.40

Target Price: $84.10

Updates

1/22/2014 11:08:09 AM

TSCO fell below our stop.

Position closed on 1/22/2014 at price of $72.00 with a -5.88% loss in 13 days.

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