Deere & Co (DE) Stock Is A Dead Short

Shares of Deere & Co (DE) likely put in a near-term top this week, tagging a major up-sloping trend line stretching back to 2018. In addition, the weekly stock chart is forming an epic topping tail (a very bearish signal). Swing traders should look to capitalize on the short side of Deere in the coming weeks and ride it to the downside as long as price never has a daily close above the recent all-time high of $180.48. A downside target is $150.00 within 3 months.

 

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