Ford and Deere Are on Positive Paths
A breakout after a prolonged basing pattern is generally an intermediate- to long-term positive for a stock, and a successful retest of the breakout level is a confirmation of the validity of the pattern and often the start of the trend toward the target price projection.
The charts of Ford (F) and the Deere (DE) have been in similar multi-month basing formations, and both are in the process of retesting their initial breakout levels....354 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.