Deere's most recent trend suggests a bearish bias. One trading opportunity on Deere is a Bear Call Spread using a strike $141.00 short call and a strike $146.00 long call offers a potential 42.45% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $141.00 by expiration. The full premium credit of $1.49 would be kept by the premium seller. The risk of $3.51 would be incurred if the stock rose above the $146.00 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 below 20 which suggests that the stock is in oversold territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Deere
Deere’s Short Interest Declines: What That Means
Fri, 29 Jun 2018 14:31:05 +0000
Based on the latest short interest report on June 15, Deere’s (DE) short interest has fallen sequentially on a bi-weekly basis. DE’s short interest as a percentage of its outstanding shares fell from 2.9% to 2.4%, and DE stock fell 3%. The decline in the May sales in the European Union, the United States, and Canada increased Deere’s short interest to the highest level of 2018.
Deere’s Valuation: Overvalued or Undervalued Compared to Peer?
Fri, 29 Jun 2018 13:01:12 +0000
In the previous part of this series, we looked at analysts’ recommendations for Deere (DE). In this part, we’ll compare Deere’s valuation with one of its peers.
Analysts Have a Positive View on Deere: Here’s Why
Fri, 29 Jun 2018 11:31:57 +0000
The number of analysts tracking Deere (DE) is currently 23 compared to 24 at the beginning of the year. Analysts’ consensus target price for Deere is $180.80, which implies a return potential of 29.5% over the closing price of $139.64 on June 26. Analysts have lowered Deere’s target price in the past three months from $185.50 to $180.80, probably due to the prevailing market volatility.
Deere Is Down 10% Year-to-Date: Can It Bounce Back?
Thu, 28 Jun 2018 15:05:02 +0000
So far in 2018, Deere (DE) has underperformed the broader market S&P 500 (SPY). As of June 26, Deere has fallen 10.8% YTD (year-to-date) and has managed to outperform its peers AGCO (AGCO), Caterpillar (CAT), and CNH Industrial (CNHI), which have fallen 15.9%, 14%, and 21.6%, respectively.
Deere Arrests Falling Dividend Yield with Dividend Rate Increase
Thu, 28 Jun 2018 13:35:02 +0000
As of June 26, Deere’s (DE) dividend was ~1.9%, which shows some signs of improvement. It should be noted that its dividend yield has been on a continuous fall since the fourth quarter of 2015. The increase in dividend yield arrests the slide and begins a trend reversal.
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