Market Overview

Deere Matches All-Time High And Retreats After Q4 Beat


Deere & Company (NYSE: DE) shares are unchanged at $109.17 in Friday's session. Before the open, the company reported a Q4 EPS beat of $0.07 along with a revenue beat just shy of $1 billion.

That news instigated a much higher opening and the follow through rally took the issue within $0.02 of its all-time high from February 13 ($112.18), only reaching $112.16 before sharply reversing course.

The ensuing decline has found support just Thursday's low ($107.96) as $107.78 stands as the current low. It has now rebounded back into the $109.00 handle. The issue's all-time closing high was made February 13 at $110.75.

Posted-In: Technicals Intraday Update Movers Trading Ideas


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