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After Yesterday's Decline of 3.24%, Deere & Co Offers Investors Better Value

By James Quinn

Deere & Co (NYSE:DE) traded in a range yesterday that spanned from a low of $142.18 to a high of $145.00. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $145.95 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Deere & Co have traded between a low of $128.32 and a high of $171.22 and are now at $142.18, which is 11% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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