Deere's most recent trend suggests a bearish bias. One trading opportunity on Deere is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 12.36% 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 $82.50 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $87.50 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 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
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U.S. manufacturers refashion themselves as ‘lifestyle brands'
Sun, 03 Nov 2013 18:33:58 GMT
Reuters – Call it concealed-carry chic: With all 50 U.S. states now permitting people to pack pistols in public, it was only a matter of time before some company came to market with an apparel line targeting the gun-toting crowd. Remington Arms Co , which has been making firearms for nearly 200 years, has just unveiled a collection of clothing and accessories, including the “Smoothbore Field Coat” ($1,295) and the “Double Derringer Leather Vest” ($300). In drawing a bead on the apparel market, Remington becomes the latest U.S. manufacturer to try reinventing itself as a “lifestyle brand” as a way to bolster its bottom line. Next up is Winnebago Industries Inc, the U.S. maker of motorhomes and trailers.
[$$] LightSquared Sues GPS Makers, Industry
Fri, 01 Nov 2013 23:35:16 GMT
The Wall Street Journal – LightSquared sues GPS makers and industry groups, saying their failure to disclose that the company's network could cause GPS problems drove company into bankruptcy.
Bankrupt LightSquared sues Deere & Co, GPS industry titans
Fri, 01 Nov 2013 22:52:55 GMT
Reuters – Bankrupt LightSquared on Friday sued leaders in the GPS industry, including Deere & Co and Garmin International Inc, saying they kept mum about interference concerns stemming from LightSquared's wireless network until the company had already pumped $4 billion into building it. In a 65-page lawsuit in U.S. Bankruptcy Court in New York, where LightSquared is fighting to keep control of its spectrum, the company alleged that farm equipment maker Deere, and GPS companies Garmin and Trimble Navigation Ltd led it to believe its network would not interfere with global positioning system devices. The complaint comes on the heels of a similar lawsuit against the GPS industry by Phil Falcone's Harbinger Capital, LightSquared's controlling shareholder. Last month, LightSquared received permission from the bankruptcy judge overseeing its Chapter 11 case to pause the Harbinger lawsuit so that LightSquared could decide whether it wanted to join the suit or bring claims of its own.
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