• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Deere & Co After 1.50% Gain

By Shiri Gupta

Deere & Co (NYSE:DE) traded in a range yesterday that spanned from a low of $166.52 to a high of $169.95. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $168.68 on volume of 495,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Deere & Co share prices have moved between a 52-week high of $171.22 and a 52-week low of $128.32 and are now trading 32% above that low price at $168.92 per share. The 200-day and 50-day moving averages have moved 0.20% higher and 0.16% lower 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: rebounders deere & co

Ticker(s): DE