Deere's most recent trend suggests a bearish bias. One trading opportunity on Deere is a Bear Call Spread using a strike $89.00 short call and a strike $94.00 long call offers a potential 7.99% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $89.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $94.00 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 at 69.89 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Deere
Bayer CropScience Joins John Deere in Developing Digital Tools to Move from Precision to Decision™
Thu, 13 Mar 2014 13:01:00 GMT
CNW Group – Bayer CropScience Joins John Deere in Developing Digital Tools to Move from Precision to Decision™
Bayer CropScience Joins John Deere in Developing Digital Tools to Move from Precision to Decision™
Thu, 13 Mar 2014 13:00:00 GMT
PR Newswire – RESEARCH TRIANGLE PARK, N.C., March 13, 2014 /PRNewswire/ — Bayer CropScience and John Deere are working together to integrate data access, wireless data transmission, and delivery of prescription recommendations to help farmers optimize yields and return on investment. The collaboration will enable Bayer CropScience and John Deere to provide data-enabled decision-support tools for farmers. Beginning in 2014, in cooperation with retail and distributor partners, Bayer CropScience will initiate R&D-based field pilots designed to use agronomic data to prescribe Bayer CropScience products to maximize yield potential and overall profitability on each acre. Bayer CropScience's digital farming initiatives promote the creation and delivery of value-driven integrated solutions to farmers by leveraging new technologies and data availability to improve farm effectiveness and efficiency. “Our intent is to leverage the agronomic strengths of Bayer CropScience and channel partners, combined with the precision-enabled equipment and the MyJohnDeere decision support platform offered by John Deere, to enable farmers to move from precision agriculture to decision agriculture,” said Shane Hand, Bayer CropScience Digital Farming Strategic Marketing Lead.
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