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Watch for Deere & Co to Potentially Pullback After Gaining 1.50% Yesterday

By David Diaz

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.

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.

In the past 52 weeks, Deere & Co share prices have been bracketed by a low of $128.32 and a high of $171.22 and are now at $168.92, 32% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 0.16% lower over the past week, respectively.

Keywords: rebounders deere & co

Ticker(s): DE