Trade Ideas: DE

Trading through a small handle with an upcoming MACD 'Buy' trigger. Run stops on a loss of $67.50 and either buy, or add, on a break of $71. Weekly chart shows heavy resistance at $73 and this could be a concern. As for a price target - the point-n-figure is of little help as it holds to a bearish price target of $40 (the chance of this has long since negated following the rally off $57). A projected target is $89. 2.2% dividend yield is a modest bonus.

Deere & Company engages in the manufacture and sale of agricultural and commercial equipment worldwide. It primarily operates in three segments: Agricultural Equipment, Commercial and Consumer Equipment, and Construction and Forestry.

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