Deere & Company (DE) manufactures and distributes various industrial equipment worldwide. The stock seems ready to move on higher after a double-dip correction that sent shares tumbling by over 10% from their peak on two separate occasions. Broader market forces are major contributors to the latest bounce. However, the real question on investors' minds is whether this is the beginning of the next leg up, or if Deere will end up in the headlights of yet another correction. Indeed, a pullback from the $380-390 level of resistance could paint an ugly technical picture for DE going into the year's end.
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Deere (NYSE:DE)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Deere Charts.
Deere (NYSE:DE)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Deere Charts.