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Deere Crosses Below its 10-day MA (DE)

By James Quinn

Deere (NYSE:DE) crossed under its 10-day moving average of $86.40 on a volume of 329K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 22% above that low price at $85.83 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 tracking the current trend status for Deere and will alert subscribers who have DE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Deere

Ticker(s): DE