Deere & Company (DE) is a stock we have been watching for awhile. It has consolidated between $73-83 per share and the company is once again approaching a potential resistance breakout which could send prices to $90 or higher depending on how third quarter earnings season kicks off. We think the surprisingly positive Purchasing Managers Index (PMI) report on October 1st could create the momentum needed to push DE past the breakout point and higher. (more…)
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