jenny_rebekka

This Is Why I Am Shorting $DE First Thing On Monday...

NYSE:DE   Deere & Company
de
Deere & Company (NYSE:DE) has had an impressive move since it put in a bottom in early 2016. In January 2016 it was trading at $70 and now finds itself near $108. This is a whopping move of 54% in a year. A move of this magnitude alone does not dictate a short swing trade. However, when you see the stock hitting a trend line connecting the former all-time highs it sure does! Simply connect the highs from 2007, 2008 and 2011. Note how that trend line stretches all the way to current levels, exactly where Deere & Company is trading. This is a huge sell signal on the stock. If you want to take it a step further, look at the current valuation with Deere & Company trading at at 22.5 P/E ratio. Historically, this is extremely high. The coming drop should take the stock back to $80 in late 2017. Enjoy the ride and profit alongside me.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.