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Deere Rising on Above-Average Volume, Consistent With Trend (DE)

By Shiri Gupta

The price of Deere shares has climbed to $121.22 (a 7.6% change) on heavy trading volume. Today's volume of 4.9 million shares tops the average 30-day volume of 3.0 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Deere on October 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.32. Since that recommendation, shares of Deere have risen 27.6%. We continue to monitor DE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Deere have traded between a low of $70.16 and a high of $121.34 and are now at $121.04, which is 73% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.

Keywords: unusual volume Deere

Ticker(s): DE