**I hesitate to mention retail stocks given the economic weakness, so please use caution as consumers are clearly tightening up their spending across many industries.**
Tractor Supply Company
TSCO entered my "crash" simple moving average zone. This area is often, but not always, an area of algorithmic share accumulation. The "major crash" zone currently rests in the low $20s. Mass public reporting of an economic recession could tank this stock to such lows, so personal entry here is a starter position.
Pros:
Cons:
Action:
While not overly bullish on any retail stock at the moment, I suspectTSCO may see $28 or the mid-$20s before a true move up. Thus, entry at $30.61 is a starter position with anticipated further declines (due to recession fears). Potential additional entries in the $20s - especially if it hits the "major crash" level. But, if this does bounce from the "crash" simple moving average zone, I'll keep my targets low for a quick flip.
Targets into 2029:
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Tractor Supply Company
TSCO entered my "crash" simple moving average zone. This area is often, but not always, an area of algorithmic share accumulation. The "major crash" zone currently rests in the low $20s. Mass public reporting of an economic recession could tank this stock to such lows, so personal entry here is a starter position.Pros:
- Strong company and brand
- Past entries into the "crash" SMA during recessions have resulted in major returns 1-2 years later
- P/E = 15x
- Dividend Yield = 3.17%
- Slow, but continued annual revenue and earnings growth beyond 2026
Cons:
- Insiders selling (no buying)
- Recession could tank this stock into the low $20s or even lower
- Supply chain headwinds and price increases may temporarily price out consumers
Action:
While not overly bullish on any retail stock at the moment, I suspect
TSCO may see $28 or the mid-$20s before a true move up. Thus, entry at $30.61 is a starter position with anticipated further declines (due to recession fears). Potential additional entries in the $20s - especially if it hits the "major crash" level. But, if this does bounce from the "crash" simple moving average zone, I'll keep my targets low for a quick flip.Targets into 2029:
- $34.00 (+11.1%)
- $38.00 (+24.2%)
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If you enjoy this idea, please follow for more: tradingview.com/u/WorthlessViews/
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。