Tractor Supply Company (NASDAQ: TSCO)

Tractor Supply Company operates retail farm and ranch stores in the United States. Its stores provide a selection of merchandise, including equine, livestock, pet, and animal products, such as items for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products comprising lawn and garden items, power equipment, gifts, and toys; maintenance products for agricultural and rural use; and work/recreational clothing and footwear products. As of September 28, 2013, the company operated 1,245 stores in 47 states, as well as a Website under the TractorSupply.com name. It serves recreational farmers and ranchers, as well as tradesmen and small businesses.
To review Tractor’s stock, please take a look at the 1-year chart of TSCO (Tractor Supply Company) below with my added notations:

TSCO has been somewhat of a unique stock among most in that it has done nothing but rally higher all year long. It has consolidated sideways several times along the way with the most recent consolidation having formed an obvious $75 resistance (blue), which was also a 52-week high resistance. Finally, last week TSCO broke through that $75 resistance.

The Tale of the Tape: TSCO broke out to a new 52-week high and has now pulled back. A long trade could be made at $75 with a stop placed below that level. A break below $75 would negate the forecast for a continued move higher.
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