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Deere & Co is trading at new November highs following this morning’s solid earnings results: Deere (DE) Earnings Surpass Estimates in Q4, Improve Y/Y – November 24, 2021 – Zacks.com.  This breakout type move is attracting heavy volume as the stock lifts off solid footing(50D mav).  

DE has been trading in a narrow consolidation pattern since early May.  

DE is far from overbought, both daily and weekly MACD indicators remain near neutral.  

DE is setting up well for a retest of the $400 area(all time highs). 

On the downside a close back below $343 would violate this week’s low sending a clear warning sign that more sideways action is ahead.  

No position. 

Not a recommendation to buy, sell or hold.