Tesco may still consolidate for a little while but it seems it's gonna breakout from the falling wedge pattern in the coming days.
Expecting this potential descending triangle to play out. Up to around $95 before dropping. Fallout around earnings. Expecting that regardless of holidays, they won't hit what they expected. Big farms will be using straight from vendor. Only farmers/farmhands and small farms might be going through TSCO. With many small farms in bankruptcy, figuring sales to not...
$TSCO has been retesting its resistance level for several times already. Watch out for a potential break out in the coming days.
Tractor Supply resumed with a Strong Buy at Raymond James. Raymond James analyst Matthew McClintock resumed coverage of Tractor Supply with a Strong Buy rating and a price target of $115. The analyst contends that the company can generate an earnings growth rate of at least 10% per year while expanding its EBIT margins by about 20bps. McClintock is also positive...
TSCO GAP ANTICIPATION EARNING SEASON
TSCO: Tractor Supply Company 2019-05-09 08:00:00 Tractor Supply Company Announces Increase in Quarterly Cash Dividend and $1.5 Billion Increase in Its Share Repurchase Program - GlobeNewswire
$TSCO has a positive pattern, but a negative monthly candle. #STOCKS #OPTIONS #FUTURES #DOWJONES #BITCOIN #BONDS #HARMONIC #DIVERGENCE #BULLISH #BEARISH #OIL #DOLLAR #GOLD #SILVER #COPPER #TLT $SPX $SPY $DJIA $DIA $RUT $NDX $ES_F $NQ_F $CL_F #BZ_F #NG_F $SI_F #GC_F #HG_F #6A_F #6B_F #6E_F #6N_F $USD $GBP $EUR $CAD $AUD
TSCO – sector services just broke out decending channel and it would be worthwhile to examine an of entry to long play. gooddluck.
Breaking out of consolidation and with majority of indicators showing bullish momentum, a confirmation candle (bullish pinbar) has formed yesterday. As always, only use Stop orders above yesterday's high or the day before as entry and SL levels best below of entry candle.
Here's another stock that I'm looking at for short term, over the next few weeks. There's a nice breakout above a bottom formation, with a MACD cross.
I really like this company. I go in their stores all the time. But, at least in short to mid term - seems like a H&S pattern forming (?) see also on chart: OBVOSC Note RSI, supportive of above In the whole macro, mature 7th to 9th inning equity market....I'm bearish for sure. Long term, I'm bullish on TSCO. They sell stuff people need.
Zacks Rank: 2-Buy 2 Style Scores: B Value | A Growth | C Momentum | A VGM Industry Rank: Bottom 40%(153 out of 255) Industry: Retail - Miscellaneous
-Looks overextended rsi is over 70. -EMAS poiting downward -MACD POINTING DOWNWAED T1:85.5 T2:82.5
Love this setup on a trending charts! Stop below the price box ( demand zone)