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Deere & Co (DE) Crosses Pivot Point Support at $165.53

By Amy Schwartz

Deere & Co (NYSE:DE) has opened bearishly below the pivot of $165.47 today and has reached the first level of support at $165.53. Should the shares continue to fall, the support pivots of $164.55 and $163.63 will be of interest.

Deere & Co (NYSE:DE) has potential upside of 10.2% based on a current price of $165.83 and analysts' consensus price target of $182.72. The stock should hit resistance at its 50-day moving average (MA) of $170.69, as well as support at its 200-day MA of $163.63.

Over the past year, Deere & Co has traded in a range of $132.68 to $180.48 and is now at $165.83, 25% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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.

Keywords: pivot alerts deere & co

Ticker(s): DE