Tractor Supply (TSCO) – Digital Rural Strategy – May 21st, 2020

The bullish DailyPlay for Thursday, May 21th is Tractor Supply Company (TSCO). TSCO has rallied 15.74% in the last month and continues to push higher after a recent pullback to $105 support. 

Fundamental View

  • Strong Q1 results from “stocking up” during COVID
  • Same-day delivery, mobile pickup and curbside delivery across all locations
  • Earnings July 23rd (64 days)

Technical View

  • Looking for a bounce higher off its $107 support level
  • Strong relative strength score (9 out of 10)
  • 1M and 6M trends turned bullish on April 17th after break above $93 

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