Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Deere & Company's stock (DE) declined in the intraday levels while gathering momentum to pierce the pivotal resistance of 438.00, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 438.00 anew.
Expected trend for today: Bullish