TSCO rises to highest close since December 19, 2018
Tractor Supply Company (TSCO) Technical Analysis Report for Jan 11, 2019 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, TSCO finished the week 3.61% higher at 85.31 after gaining $0.64 (0.76%) today, outperforming the S&P 500 (-0.01%). Today's close at 85.31 marks the highest recorded closing price since December 19, 2018. Closing above Thursday's high at 84.70, the share confirmed its breakout through the prior session high after trading up to $1.61 above it intraday.
Daily Candlestick Chart (TSCO as at Jan 11, 2019):
Friday's trading range has been $1.92 (2.27%), that's far below the last trading month's daily average range of $2.74. Weekly volatility is also lower, being way below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly higher than usual for TSCO.
Prices are trading close to the key technical support level at 84.01 (S1). Prices are trading close to the key technical resistance level at 86.45 (R1).
The market shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.