Deere's most recent trend suggests a bullish bias. One trading opportunity on Deere is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 13.38% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock dropped below the $82.50 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 73.68 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Deere
8 Reasons To Buy Deere For $89 Per Share
Fri, 20 Dec 2013 21:03:50 GMT
Seeking Alpha – John Deere ( DE ) manufactures heavy machinery that is used by farmers, loggers, and homebuilders. Deere sells products under the John Deere, Sabo, Frontier, Kemper, Green Systems, and Waratah brands. …
DEERE & CO Financials
Fri, 20 Dec 2013 18:04:06 GMT
Jim Cramer: Time to Catch Caterpillar
Fri, 20 Dec 2013 16:18:00 GMT
TheStreet – It's the next big stock to take off.
Cramer: Time to Catch Caterpillar
Fri, 20 Dec 2013 12:51:00 GMT
TheStreet – It's the next big stock to take off.
U.S. farm bill writers eye $8 billion in food stamp cuts -senator
Thu, 19 Dec 2013 23:48:36 GMT
Reuters – The new U.S. farm bill is likely to cut the food stamp program by $8 billion over a decade, a key Democratic senator said on Thursday, an amount that is a fraction of the cuts demanded by many Republican lawmakers. While conservatives want stricter eligibility rules that would disqualify up to 4 million recipients and save $40 billion over 10 years, Iowa Sen. Tom Harkin, a Democrat, said the expected $8 billion in savings would be generated by closing a loophole on utility costs. Under that timetable, the Senate and House of Representatives might enact the bill within a couple of weeks. On food stamps, Harkin said, the lead negotiators could carve out savings by setting a higher threshold of government assistance to pay utility bills, a program that can trigger food stamp aid.
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