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After Yesterday's Rally of 1.66% Shares Could Potentially Pullback

By Nick Russo

Deere (NYSE:DE) traded in a range yesterday that spanned from a low of $87.80 to a high of $88.85. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $87.60 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Deere have traded between a low of $70.16 and a high of $98.23 and are now at $88.48, which is 26% above that low price. 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 is tracking the current trend status for Deere and will alert subscribers who have DE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Deere

Ticker(s): DE