Shares of agricultural machinery kingpin Deere (DE) are flirting with correction territory once again, continuing the excessive volatility in what's been nothing short of a turbulent second half. Despite recent swoons in the stock, Deere remains up over 100% from its pre-pandemic peak and multi-year consolidation price of around $177 and change. As Deere stock finds itself in the headlights of yet another correction, investors may wish to steer clear as a potential "double top" technical pattern looks to be in the works. If it comes to fruition, Deere stock could risk plunging into bear market territory.
https://www.tipranks.com/news/article/deere-stock-in-headlights-of-another-correction?utm_source=advfn.com&utm_medium=referral
Deere (NYSE:DE)
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Deere (NYSE:DE)
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From Jan 2021 to Jan 2022 Click Here for more Deere Charts.