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Deere & Co Rises 1.91% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Deere & Co (NYSE:DE) traded in a range yesterday that spanned from a low of $163.84 to a high of $166.38. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $165.19 on volume of 623,000 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, Deere & Co share prices have been bracketed by a low of $128.32 and a high of $171.22 and are now at $165.61, 29% 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 declined 0.6%.

SmarTrend recommended that subscribers consider buying shares of Deere & Co on August 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.43. Since that recommendation, shares of Deere & Co have risen 5.7%. We continue to monitor DE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders deere & co

Ticker(s): DE