Long Position on TSCO @ $87.00 on 10/19/2018 (Momentum)

Tractor Supply Company (TSCO) operates rural lifestyle retail stores in the United States.

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

As of December 30, 2017, it operated 1,853 retail stores in 49 states.

The company operates its retail stores under the Tractor Supply Company, Del's Feed & Farm Supply, and Petsense names. It also operates e-commerce Websites, TractorSupply.com and Petsense.com.

The company sells its products to recreational farmers, ranchers, and others, as well as tradesmen and small businesses.

Shares are heading higher and are about to breakout of their bullish "cup and handle." The formation is supported by the stock's 50-day moving average, shown in brown.

Entry Point: $87.00

Stop Loss: $82.65

Trading Range: $54.76 - $92.45

Target Price: $95.70

Updates

11/8/2018 11:14:03 AM

TSCO closed at $96.60

Position closed on 11/8/2018 at price of $96.60 with a 11.03% gain in 20 days.

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