Deere and Company Stock has a rather dubious pattern over the past three years.
Deere Stock (DE) – 3 Year Chart
Reviewing the 3 year chart you can quickly see that since mid 2015, Deere Stock (DE) has been unable to recover the highs from 2014. In fact, looking at the chart you can see the lows of 2014, which were around the $80 valuation, are still in play presently.
Since collapsing from around $97 in August last year, the stock has had trouble recovering these losses. Starting in October 2015 from a low just below $72, the stock has been building a rising pattern of lower highs. This is hopeful for the stock’s recovery, but at the same time, rising highs are not fully supportive of the stock’s attempt to recover. At this point a $90 valuation for Deere Stock (DE) may be the top end for 2016.
Deere Stock – DE – 3 Year Chart
………….The rest of this trade alert and strategy discussion on Deere Stock (DE) is for FullyInformed members.
Deere Stock (DE) Trade Alert
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
