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Deere & Co Crosses Above its 10-day MA (DE)

By Nick Russo

Today, shares of Deere & Co (NYSE:DE) have crossed bullishly above their 10-day moving average of $149.47 on a volume of 342K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Deere & Co share prices have been bracketed by a low of $128.32 and a high of $171.22 and are now at $150.46, 17% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.11% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Deere & Co on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $158.47. Since that call, shares of Deere & Co have fallen 5.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses deere & co

Ticker(s): DE