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Watch for Deere & Co to Potentially Rebound After Falling 2.03% Yesterday

By Amy Schwartz

Deere & Co (NYSE:DE) traded in a range yesterday that spanned from a low of $137.81 to a high of $140.83. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $140.58 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Deere & Co have traded between a low of $112.87 and a high of $175.26 and are now at $138.34, which is 23% above that low price. 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: rebounders deere & co

Ticker(s): DE