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SmarTrend Watching for Potential Rebound in Shares of Deere & Co After 5.39% Loss

By David Diaz

Deere & Co (NYSE:DE) traded in a range yesterday that spanned from a low of $138.12 to a high of $147.95. Yesterday, the shares fell 5.4%, which took the trading range below the 3-day low of $144.02 on volume of 3.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Deere & Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Deere & Co in search of a potential trend change.

In the past 52 weeks, shares of Deere & Co have traded between a low of $128.32 and a high of $169.99 and are now at $138.12, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Keywords: rebounders deere & co

Ticker(s): DE