Deere & Company (DE) has risen sharply, recording gains of 7.29% in the past 4 weeks. However, the stock has corrected -3.1% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.43% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 3.44%.The 200 Day SMA reached 6.1%. Deere & Company has dropped 3.2% during the last 3-month period . Year-to-Date the stock performance stands at 11.86%.
Deere & Company (NYSE:DE): After opening at $83.95, the stock dipped to an intraday low of $83.74 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $84.19 and the buying power remained strong till the end. The stock closed at $84.05 for the day, a gain of 0.60% for the day session. The total traded volume was 2,071,205. The stocks close on the previous trading day was $83.55.
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.