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Watch for Deere & Co to Potentially Rebound After Falling 1.25% Yesterday

By Amy Schwartz

Deere & Co (NYSE:DE) traded in a range yesterday that spanned from a low of $157.23 to a high of $157.70. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $158.63 on volume of 723,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Deere & Co share prices have moved between a 52-week high of $168.05 and a 52-week low of $128.32 and are now trading 23% above that low price at $157.68 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Deere & Co on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $153.42. Since that recommendation, shares of Deere & Co have risen 4.1%. We continue to monitor DE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders deere & co

Ticker(s): DE