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Bullish Moving Average Cross by Deere (DE)

By Amy Schwartz

Today, shares of Deere (NYSE:DE) have advanced above their 10-day MA of $80.76 on a volume of 1.5 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Deere share prices have moved between a 52-week high of $98.23 and a 52-week low of $70.16 and are now trading 18% above that low price at $83.02 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.3%.

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

Ticker(s): DE