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After Yesterday's Decline of 2.03%, Deere & Co Offers Investors Better Value

By David Diaz

Deere & Co (NYSE:DE) traded in a range yesterday that spanned from a low of $137.81 to a high of $140.83. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $140.58 on volume of 2.3 million 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 $112.87 to $175.26 and is now at $138.34, 23% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Deere & Co and will alert subscribers who have DE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders deere & co

Ticker(s): DE