TSCO | Bull Flag

By |2018-09-17T17:40:27+00:00September 11th, 2018|Current Watchlist, Open Trades|
SymbolIndustryLast PriceChange% ChangeVolume
DateSep 10, 2018Buy Zone89.30 – 90.30
SectorConsumer CyclicalTarget 192.88
PatternBull FlagTarget 2N/A
EarningsOct 25, 2018TradeLong

  ( ) is trading in a Bull Flag pattern and finding support at the 9-ema.  A pullback to the $89.30 level would offer a  low-risk entry if market conditions are favorable. (1).  Waiting for the trend to resume with a break of $90.30 (2) would be a more conservative entry with a target below the upper trendline (3).

Update 9/11/18: TSCO broke out this morning, but we are leaving it on the current watchlist because it may still pull back into the buy zone between $90.00-90.30, offering a second chance of entering.  See the updated hourly chart at the bottom of the page.

Daily Chart 

Hourly Chart

Hourly Chart Updated 9/11/18

Business Summary