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Shares of Deere Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Deere (NYSE:DE) traded at a new 52-week high today of $128.37. Approximately 212,000 shares have changed hands today, as compared to an average 30-day volume of 3 million shares.

Deere & Company manufactures and distributes a range of agricultural, construction and forestry, and commercial and consumer equipment. The Company supplies replacement parts for its own products and for those of other manufacturers. Deere also provides product and parts financing services.

In the past 52 weeks, shares of Deere have traded between a low of $70.16 and a high of $128.37 and are now at $128.20, which is 83% above that low price. 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%.

Deere (NYSE:DE) is currently priced 14.2% above its average consensus analyst price target of $110.00. Deere shares have support at the 50-day moving average (MA) of $80.91 and additional support at the 200-day MA of $80.09.

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 44.8%. We continue to monitor DE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Deere

Ticker(s): DE