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Bearish Moving Average Cross by Deere & Co (DE)

By Amy Schwartz

Today, shares of Deere & Co (NYSE:DE) have fallen below their 10-day MA of $140.03 on a volume of 967K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Deere & Co have traded between a low of $112.87 and a high of $175.26 and are now at $137.78, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Deere & Co and will alert subscribers who have DE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses deere & co

Ticker(s): DE