Deere's most recent trend suggests a bullish bias. One trading opportunity on Deere is a Bull Put Spread using a strike $142.00 short put and a strike $137.00 long put offers a potential 51.52% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $142.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $137.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Deere is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Deere is bullish.
The RSI indicator is at 59.79 level which suggests that the stock is neither overbought nor oversold at this time.
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
[$$] China drug scandals highlight risks to global supply chain
Mon, 06 Aug 2018 12:29:11 +0000
Drug safety scandals in recent weeks have underlined the risks to international consumers posed by weak oversight in China, the world’s largest supplier of active pharmaceutical ingredients. The European Medicines Agency and the US Food and Drug Administration issued alerts over a cancer-causing ingredient used in a blood pressure medication, supplied by Chinese company Zhejiang Huahai, resulting in a recall of affected drugs. doses had been sold in China, prompting a public outcry.
Deere’s Latest Acquisition and Stock Price
Mon, 06 Aug 2018 12:04:04 +0000
On July 31, Deere (DE) announced that it has entered into a definitive agreement to acquire PLA—an Argentinian-based company. PLA is a private company that manufactures agriculture sprayers, planters, and specialty products. PLA, which was founded in 1975, has manufacturing facilities in Las Rosas, Argentina, and Canoas, Brazil. PLA is active on four continents with ~450 employees. The acquisition helps Deere strengthen its position in Argentina. However, Deere didn’t disclose the financial aspects of the acquisition.
See what the IHS Markit Score report has to say about Deere & Co.
Thu, 02 Aug 2018 12:00:16 +0000
Deere & Co NYSE:DE
Trade war: Trump threatens massive new tariffs against China
Wed, 01 Aug 2018 17:03:48 +0000
President Trump is reportedly ready to slap a 25% tariff on $200B worth of Chinese goods. Yahoo Finance's Seana Smith, Dan Roberts, Dan Howely and Pras Subramanian discuss.
Stocks – Real Estate Stocks Jump in Midday Trading
Tue, 31 Jul 2018 18:35:00 +0000
Investing.com – Real estate stocks surged in midday trading in the wake of solid quarterly results and a drop in interest rates.
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