Tractor Supply (TSCO) NewsBite - TSCO Moving Higher Following Broker Upgrade

Posted: Monday, November 09, 2009 12:27 PM EDT

Tractor Supply (TSCO) was upgraded today by analysts at Thomas Weisel and the stock is now at $48.09, up $0.45 (0.94%) on volume of 120,885 shares traded. The stock is moving higher today after Thomas Weisel upgraded the stock today to Overweight from Peer Perform. Over the last 52 weeks the stock has ranged from a low of $28.67 in March to a high of $54.50 in last month. Tractor Supply stock has been showing support around $45.65 and resistance in the $49.19 range. Technical indicators for the stock are neutral and S&P gives TSCO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on TSCO the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]

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