Tractor Supply Bulls in Charge

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Tractor Supply Bulls in Charge

Published on Tuesday, 31 January 2012 12:34 Written by Christopher Lynn

tsco New York, January 31st (TradersHuddle.com) - Shares of Tractor Supply Company (NASDAQ:TSCO) booked a new 52 week high today by trading above $81.98, traders are definitely monitoring Tractor Supply's price action to see if this move attracts further buying into the stock.

Tractor Supply Company (NASDAQ:TSCO) operates a retail farm store chain in the United States. The Company provides farm maintenance products, animal products, general maintenance products, lawn and garden products, light truck equipment, work clothing, and other products.

Tractor Supply is currently trading -0.1% versus its previous trading session close, and it has calculated support and resistance at $68.50 and $81.98 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.29% from its previous trading close, which means that Tractor Supply stock is outperforming the overall market.