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Next Support Level for Deere & Co (DE) is $139.18

By James Quinn

Shares of Deere & Co (NYSE:DE) have bearishly opened below the pivot of $141.39 today and have reached the first support level of $139.99. Investors may be interested in a cross of the next downside pivot targets of $139.18 and $136.97.

Potential upside of 30.1% exists for Deere & Co, based on a current level of $140.44 and analysts' average consensus price target of $182.72. The stock should run into initial resistance at its 50-day moving average (MA) of $147.38 and subsequent resistance at its 200-day MA of $148.85.

Over the past year, Deere & Co has traded in a range of $112.87 to $175.26 and is now at $140.44, 24% above that low. The 200-day and 50-day moving averages have moved 0.25% higher and 0.36% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Deere & Co and will alert subscribers who have DE in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts deere & co

Ticker(s): DE