Deere's most recent trend suggests a bearish bias. One trading opportunity on Deere is a Bear Call Spread using a strike $87.50 short call and a strike $92.50 long call offers a potential 13.64% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $87.50 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $92.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Deere is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Deere is bearish.
The RSI indicator is at 47.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Deere
Business events scheduled for the coming week
Fri, 12 Dec 2014 18:51:31 GMT
AP – All times are Eastern MONDAY, Nov. 24 BERLIN — Germany's Ifo institute releases its monthly business confidence index, a key indicator for Europe's biggest economy. TUESDAY, Nov. 25 WASHINGTON — Commerce …
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Fri, 12 Dec 2014 18:51:31 GMT
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