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Deere Crosses Below its 10-day MA (DE)

By Shiri Gupta

Deere (NYSE:DE) crossed under its 10-day moving average of $124.65 on a volume of 468K shares. Swing traders may find 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 $127.04 and a 52-week low of $70.16 and are now trading 78% above that low price at $124.54 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Deere on October 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.32. Since that recommendation, shares of Deere have risen 42.6%. We continue to monitor DE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Deere

Ticker(s): DE