When the Price of (TSCO) Talks, People Listen

April 19, 2024, 05:58 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TSCO

• Buy TSCO slightly over 233.87 target 255.09 stop loss @ 233.19 Details

The technical summary data tells us to buy TSCO near 233.87 with an upside target of 255.09. This data also tells us to set a stop loss @ 233.19 to protect against excessive loss in case the stock begins to move against the trade. 233.87 is the first level of support below 247.35 , and by rule, any test of support is a buy signal. In this case, support 233.87 is being tested, a buy signal would exist.

• Short TSCO slightly under 255.09, target 233.87, stop loss @ 255.83 Details

The technical summary data is suggesting a short of TSCO as it gets near 255.09 with a downside target of 233.87. We should have a stop loss in place at 255.83though. 255.09 is the first level of resistance above 247.35, and by rule, any test of resistance is a short signal. In this case, if resistance 255.09 is being tested, a short signal would exist.

Swing Trading Plans for TSCO

• Buy TSCO slightly over 255.09, target n/a, Stop Loss @ 254.35 Details

If 255.09 begins to break higher, the technical summary data tells us to buy TSCO just slightly over 255.09, with an upside target of n/a. The data also tells us to set a stop loss @ 254.35 in case the stock turns against the trade. 255.09 is the first level of resistance above 247.35, and by rule, any break above resistance is a buy signal. In this case, 255.09, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TSCO slightly near 255.09, target 247.13, Stop Loss @ 255.83. Details

The technical summary data is suggesting a short of TSCO if it tests 255.09 with a downside target of 247.13. We should have a stop loss in place at 255.83 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 255.09, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TSCO

• Buy TSCO slightly over 249.03, target 255.09, Stop Loss @ 248.45 Details

If 249.03 begins to break higher, the technical summary data tells us to buy TSCO just slightly over 249.03, with an upside target of 255.09. The data also tells us to set a stop loss @ 248.45 in case the stock turns against the trade. 249.03 is the first level of resistance above 247.35, and by rule, any break above resistance is a buy signal. In this case, 249.03, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TSCO slightly near 249.03, target 247.13, Stop Loss @ 249.61. Details

The technical summary data is suggesting a short of TSCO if it tests 249.03 with a downside target of 247.13. We should have a stop loss in place at 249.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 249.03, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Tractor Supply Company (TSCO) available here: TSCO.

TSCO Ratings for April 19:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	212.74
P2	246.04	241.82	233.87
P3	249.03	247.13	255.09

AI Generated Signals for TSCO

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Tractor Supply Company (NASDAQ: TSCO) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for TSCO can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.