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Check Out This Awesome Trend Line On Deere (DE)

|Includes: Deere & Company (DE)

Deere & Company (NYSE:DE) is having a fantastic surge today as the stock market approaches its all time highs. The stock is trading at $89.29, +3.80 (4.44%). Deere and Caterpillar Inc. (NYSE:CAT) have been under pressure in 2013 because of slowing growth in China. Lately, they have recovered nicely. The key to the move in the Deere stock is the great trend line that is fast approaching. To find this trend line connect the recent pivot highs on the stock. Deere's stock price just tagged this line. This is an awesome resistance point on the stock.

Gareth Soloway