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 9.41% return on risk over the next 12 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 $0.43 would be kept by the premium seller. The risk of $4.57 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 28.44 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Deere
U.S. Congress extends transport funding though May, averting cuts
Fri, 01 Aug 2014 02:02:06 GMT
Reuters – The U.S. Congress on Thursday approved a $10.9 billion funding extension for transportation construction projects through May 2015, averting a cutback in federal payments to states that was due to start on Friday. Senate approval by a vote of 81-13 sent the measure to President Barack Obama to be signed into law after it bounced back and forth between the Senate and House of Representatives this week, raising uncertainty over the dwindling Highway Trust Fund. The Senate on Tuesday had passed a smaller $8.1 billion plan lasting only through the end of 2014 that aimed to force action on a long-term highway and mass transit funding plan during the post-election, “lame duck” session of Congress.
U.S. Senate Democrats relent on transport funding, accept longer extension
Thu, 31 Jul 2014 23:53:48 GMT
Reuters – With time running out to avert cutbacks in federal transportation money due to start on Friday, Democratic leaders in the U.S. Senate agreed to accept a Republican plan to extend funding for highway and transit construction through May 2015. Senate Majority Harry Reid said he would put the House of Representatives' $10.9 billion funding plan to a vote on Thursday evening after the House rejected a shorter, $8.1 billion extension passed by the Senate. The legislative ping-pong has heightened uncertainty over the dwindling Highway Trust Fund as Congress prepares to start a five-week summer recess this weekend. The Department of Transportation has said it will start on Friday reducing payments to states by as much as 30 percent from the dwindling Highway Trust Fund.
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