Deere's Injuries Aren't Fatal
So you are holding Deere (DE). Chances are you aren't too happy today. Thankfully, Deere isn't Groupon (GRPN). The business isn't broken, but it certainly has a scraped knee like the kind you'd get as a kid if you fell off your bike. Put some water on that and it feels like it is the end of the world, even though you know it will get better with time. Unfortunately, even some TLC and kind words won't make the current pain go away.
Looking at the Deere chart, the stock is bouncing around quite a bit today, so the numbers for both price and options will likely be different at any point during the day. We see it is testing some important support right now. If Deere closes under $74, then a path to $70 has less resistance than a run back to $80. Deere can get a boost from economic numbers or if another name in the space puts out good news, so the positive for bulls is that DE does not require a company-specific catalyst to start to move higher again. Of course, that is a double edged sword, since it can also work against Deere....312 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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