Tractor Supply Raises Profit Target By Gary Morrow About this article: Tractor Supply upped its 2009 profit target to at least $2.78 a share, about 20 cents higher than the prior projection. The stock is responding well and is one of the top dollar gainers on the Nasdaq, up over 8% and taking out its April highs. Volume is spiking, and it's the heaviest positive day for the stock since last October. TSCO (Nasdaq) -- Daily Tractor SupplyTradestation The breakout has lifted the shares above heavy resistance near $43.00. The stock has left behind numerous weekly highs near this level since the October bottom. Now that heavy supply has been taken out on heavy trade, I expect Tractor Supply to challenge its 2008 highs of $47.50 in the next few weeks. TSCO (Nasdaq) -- Weekly Tractor SupplyTradestation A pullback to $42.50 would provide a low-risk buying opportunity. I will be a buyer here on a low-volume retracement and would use a close... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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