Deere's most recent trend suggests a bullish bias. One trading opportunity on Deere is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 5.04% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $75.00 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 74.72 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
Stock Pops & Drops
Wed, 20 Nov 2013 22:00:00 GMT
CNBC – The Fast Money traders take a look at today's biggest market movers.
On The Fly: Closing Wrap
Wed, 20 Nov 2013 21:29:39 GMT
theflyonthewall.com – On The Fly: Closing Wrap
Fed Kills Shopping Spree, Stocks Flip on Fed Minutes
Wed, 20 Nov 2013 21:15:00 GMT
TheStreet – Markets turn negative as the Federal Reserve's policy-making minutes offset a stronger-than-anticipated retail sales report.
US STOCKS-Wall St falls; Fed taper could begin next few meetings
Wed, 20 Nov 2013 20:32:22 GMT
Reuters – * Minutes suggest Fed moves closer to trimming stimulus * October core retail sales show demand picking up NEW YORK, Nov 20 (Reuters) – U.S. stocks fell on Wednesday after minutes from the last Federal Reserve meeting said the central bank could decide to scale back its stimulus program at one of its next few meetings if economic growth improved enough. The minutes confirmed the Fed is getting closer to reducing its current program, and that it could begin scaling back its stimulus in March, analysts said.
US STOCKS-Dow, S&P 500 edge down after Fed minutes
Wed, 20 Nov 2013 19:40:11 GMT
Reuters – * Many analysts still don't expect Fed to taper this year * October core retail sales exceed forecast, show demand picking up NEW YORK, Nov 20 (Reuters) – The Dow and S&P 500 dipped on Wednesday after minutes from a Federal Reserve policy meeting said the central bank could start to slow bond purchases at one of its next few meetings if the economy improved enough. “We take these minutes as meaning March is the most likely scenario for tapering,” said Michael Woolfolk, senior currency strategist at BNY Mellon in New York.
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