MarketBeat.com – MarketBeat
A classic cup-with-handle base is often a precursor to a stock’s run-up, and retailer Tractor Supply Company (NASDAQ: TSCO) is forming exactly that type of consolidation.
The Tennessee-based company specializes in items for rural lifestyles, including hardware, supplies for livestock and domestic animals, lawn and garden items, fencing, mowers, and clothing.
It’s the nation’s largest consumer farm retailer. As of September, it operates 2,027 Tractor Supply stores in 49 states and an e-commerce platform. In October, it acquired 81 stores from Orscheln Farm and Home. These will be rebranded to Tractor Supply by the end of next year.
Tractor Supply also owns Petsense
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