DEERE & CO
(DE-NYSE):
Technical Viewpoint: From a low
of $44.23 on Jul 16, 2003 prices
rallied, reaching a
high of $51.17
on Aug 1, 2003. A
decline saw prices pull back, reaching a
low of
$48.25 on Aug 6, 2003.
Another rally saw prices penetrate
resistance, closing 8/8/03
at $51.18. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 19, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.00. Resistance: Is at $51.60.
Point & Figure: Reversed to the upside on Aug 7, 2003. A P&F upside
reversal takes place at $49.50. Summary: Technical indicators have turned bullish. BUY! DEERE & CO
(DE-NYSE) @ $51.25 Stop: Use a protective stop of $48.75.
DEERE & CO is currently trading @ $51.18 plus $1.38 on Aug 7, 2003. Price Objective:
$60.00. Risk/Reward: $2.50 VS. $8.75. 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:
$60.00
Risk/Reward:
$2.50 VS. $8.75
Risk/Reward Ratio:
3:1
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