• Return to Headlines

After Yesterday's Decline of 1.15%, Deere & Co Offers Investors Better Value

By James Quinn

Deere & Co (NYSE:DE) traded in a range yesterday that spanned from a low of $159.08 to a high of $162.50. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $160.67 on volume of 871,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Deere & Co has traded in a range of $76.73 to $175.26 and is now at $159.22, 108% above that low. 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%.

SmarTrend is monitoring the recent change of momentum in Deere & Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Deere & Co in search of a potential trend change.

Keywords: rebounders deere & co

Ticker(s): DE