Non-linear anisotropic materials were used to simulate the effects of bulk tensile stress in 3D finite element analysis (FEA). FEA was used to calculate the effects of near and far-side racetrack pit depth and simulated bulk tensile stress on magnetic flux leakage (MFL) signals. The axial and radial MFL signals were depended on near and far-side racetrack pit depth and on the bulk stress, but the circumferential MFL signal was not depended on them. The axial and radial MFL signals increased with greater pit depth and applied bulk stress, but the circumferential MFL signal was scarcely changed.