PPR - Tractor Supply Co. (TSCO) Pocket Pivot out of a Tight Flag Formation

Published : February 7 2012 at 14:32 ET

TSCO, which we first alerted you to when it staged a buyable gap-up back on January 12th, is flashing a pocket pivot buy point as it comes out of a very tight flag formation. One could also just view this as an above-average volume breakout from a four-weeks-tight type of flag formation following the gap-up, hence buyable on that basis alone. The fact that it acheived a pocket pivot volume signature exceeding the heavy volume of 1.708 million shares traded four days ago add some additional confirmation to the breakout.

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