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Chart Pattern Signals Trouble For Deere & Company $DE

Shares of Deere & Company (NYSE:DE) have a fully formed bear flag on the daily chart. This signals an immediate sell off with an ultimate target of $92.00. Considering the price is near $110.00, that is a monster 16% drop likely in the next month or two. Investors should be shorting Deere & Company for the coming drop. This could likely be caused by slower earnings growth, a Trump stimulus bill that is pushed off because of weaker support or arguing in congress or slower economic growth. It will be something, the stock chart predicts it.

Stock chart analysis signals strong sell on Deere & Company