More Downside Ahead for Deere
Deere (DE) is getting sold hard today. Volume is running very heavy and is already the heaviest downside day of the year for the stock. The day began with a deep gap-lower open, a stark reversal from yesterday's pre-earnings close at fresh rally highs. Recent DE bulls are now feeling the heat and are heading for the exits. The stock is hitting new lows this afternoon as it fades further below short-term trendline support. This is very damaging action and will put the stock on track for further loses in the near term.
Deere (DE) Source: TradeStation View Chart » View in New Window » ...183 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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