Bearish Moving Average Cross by Deere (DE)
Deere (NYSE:DE) shares have crossed bearishly below their 10-day moving average of $86.34 on a volume of 296K 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.
Over the past year, Deere has traded in a range of $70.16 to $98.23 and is now at $86.04, 23% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.
SmarTrend is monitoring the recent change of momentum in Deere. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Deere in search of a potential trend change.
Keywords: moving crosses Deere