Blue Chip Daily Chart of the Week:
Deere & Co. (DE)
Trend following stop level: 329.40
please see chart analysis below
- Deere, (DE), is one of our top technical ideas going into the week and is on this week’s Members Top 25 list.
- DE is in a longer-term uptrend over 4 key moving averages, including rising 20, 50 & 200-sma, and made a 4-month daily closing high on Friday.
- On a longer term, weekly time frame, DE had it’s second highest weekly close on record on Friday as well.
- DE recently corrected 11.2% and held over the rising 200-sma.
- DE recently has been on our Weekly Top 25 list on 7/25, 8/1, 8/8 and 8/29.
- Disclosure: I am long DE stock.
- To see this week’s Top 25 stocks list, with our best ideas across all S&P 500 sectors, please join here: https://bluechipdaily.com/join-blue-chip-daily/
Have a great week,
Disclaimer – Blue Chip Daily Trend Report