TSCO broke out with volume!!
* Strong earnings quarter over quarter
* Strong up trend
* Pays out dividends with a Payout ratio of 24.30% which means the company has a lot more room for growth
* Broke of a 4 month consolidation out with higher than average volume (19.09%)
* Making a new all-time-high
* Probable ROI of 17.19% if the trade plays out in our favor
Trade idea:
* $200.75 is expected to hold as support due to high volume breakout
* This may come back to retest $200.75 area so if you're looking for a discount that may be a great entry point
* Or you can buy in now and ride the trend if you can stomach a slight move down
A probable ROI of 17.19% would place the target at 240.03 area
Note:
* This is also a great long term hold as it pays out dividends
* Strong up trend
* Pays out dividends with a Payout ratio of 24.30% which means the company has a lot more room for growth
* Broke of a 4 month consolidation out with higher than average volume (19.09%)
* Making a new all-time-high
* Probable ROI of 17.19% if the trade plays out in our favor
Trade idea:
* $200.75 is expected to hold as support due to high volume breakout
* This may come back to retest $200.75 area so if you're looking for a discount that may be a great entry point
* Or you can buy in now and ride the trend if you can stomach a slight move down
A probable ROI of 17.19% would place the target at 240.03 area
Note:
* This is also a great long term hold as it pays out dividends
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