In a welcome move, Tractor Supply saw its Relative Strength Rating rise from 70 to 75 on Thursday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 as they launch their biggest climbs. See if Tractor Supply can continue to show renewed price strength and hit that benchmark.
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While the stock is not near an ideal buying range right now, see if it is able to form and break out from a proper chart pattern.
Earnings-per-share growth decreased last quarter from 3% to -4%, but sales rose from 1% to 2%.
The company holds the No. 2 rank among its peers in the Retail/Wholesale-Building Products industry group. Hillman Solutions is the No. 1-ranked stock within the group.
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