DEERE & CO
(DE-NYSE):
Technical Viewpoint: From a low
of $41.63 on Apr 24, 2002 prices
rallied, reaching a
high of $45.33
on Apr 30, 2002. A
decline saw prices pull back, reaching a
low of
$42.09 on May 13, 2002.
Another rally saw prices penetrate
resistance, closing 5/15/02
at $47.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 15, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.50. Resistance: Is at $49.05.
Point & Figure: Reversed to the upside on May 14, 2002. A P&F upside
reversal takes place at $46.50. Summary: Technical indicators have turned bullish. BUY! DEERE & CO
(DE-NYSE) @ $48.50 Stop: Use a protective stop of $45.88.
DEERE & CO is currently trading @ $47.90 plus $2.20 on May 15, 2002. Price Objective:
$57.00. Risk/Reward: $2.63 VS. $8.50. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.00
Risk/Reward:
$2.63 VS. $8.50
Risk/Reward Ratio:
3:1
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