Score 8.9 (out of 10): TRACTOR SUPPLY COMPANY sets up for +19.5% rally in 3 months

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What’s Going On Here?

TRACTOR SUPPLY is an American retail chain of stores that sells products for home improvement, agriculture, lawns and gardens in around 2,000 locations. The company generates $12.7bn in revenue with 46k employees.

Why Now?

TRACTOR SUPPLY COMPANY has triggered a new high volatility signal (3 month). During similar occasions, TRACTOR SUPPLY COMPANY shares had a median return of +19.5%, over the following 3 months – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for TRACTOR SUPPLY COMPANY received a high score of 8.9 (out of 10). This insight was generated on 2022-March-3 with last price of 214.66.

What’s This Company About?

TRACTOR SUPPLY COMPANY is in the Retail-Gardening Prod business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth +13% (average). Ticker symbol: TSCO US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 256.5 (+19.5%) has been reached. Based on TRACTOR SUPPLY COMPANY’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 205.76 (last price at 214.66), which is equivalent to a -4.1% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

38.1% (May-2020), 51.2% (March-2020), -2.1% (October-2019), 19.5% (December- 2018), 17.5% (June-2018), 25.4% (April-2018), 9% (November-2016), 10.4% (September-2016), 26.6% (October-2014).

Historical Chart:

Summary:

NameTRACTOR SUPPLY COMPANY
ViewUp
Star (1 to 10)8.9
Target+19.5%
Time3 months
Hist Rate89%

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