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Deere & Co Set to Possibly Pullback After Yesterday's Rally of 1.91%

By James Quinn

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.

Over the past year, Deere & Co has traded in a range of $128.32 to $171.22 and is now at $165.61, 29% above that low. The 200-day and 50-day moving averages have moved 0.08% higher and 0.6% lower over the past week, respectively.

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