UPDATED 07/20/2012 06:39 PM ET | Tractor Supply is in a downtrend and trading below its 200-day and its 50-day moving averages. The stock is in its deepest pullback since a 33% decline from July to August of last year. Tractor Supply's recent slide has erased gains from its January breakout from a flat base. Tractor Supply has a worst-possible Accumulation-Distribution Rating of E and its up-down volume ratio has fallen well below 1.0, two clues that big funds are selling shares. Backstory: Tractor Supply runs a chain of stores that caters to the rural lifestyle. It sells ranching equipment, riding mowers, animal feed and such. The company likes to hire staff with special skills in horses, farming or related fields. After the close April 25, the company delivered Q1 earnings of 55 cents a share, up 129% from a year ago. It beat views by 2 cents. Sales, which met views, grew 22% to $1.02 billion. Both were the best in many quarters. Tractor Supply had preannounced April 12.