PEAD projecting a neutral outlook for $DEThe PEAD projected a neutral outlook for $DE after its earning release with a positive over reaction following its announcement, placing the stock in Drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
DED trade ideas
DE - Elliottwave analysis - dump and pump set up DE - It is in strong impulse up cycle and within 4th wave down. Sell with stop level above 260.75 at current level for target around 240 or lower. After completing 4th wave, it will start 5th wave up for new high above 270 or higher.
Give thumbs up if you really like the trade idea.
DE to $200 possibly and here is whyLooking at the chart there is significant upside for the production equipment companies. Farms still have to produce product and consumer good prices have risen dramatically over the past few months. Only concern is the commercial food industry Sysco didn't report all that well and that is where a lot of the food supply goes to. Short term target is still $200 based on charts.
DE Bull Flag Breakout NYSE:DE is a ticker I have kept my eye on for a little now. It fell into sideways movement after maintaining a strong bullish trend. It formed a bull flag and broke out of the upper bound at the close of the 6.25 session. This is a strong breakout signal supported by a MACD crossover underneath the zero line. This, along with analyst price target upgrade to 165, involvement in agriculture sector that reaps benefit from the recent China Phase 2 deal, and potential 2 trillion dollar infrastructure aid, makes me believe that we may enter a strong bullish trend from this breakout. Keep your eyes peeled
Deer following Cat down this week. 5%-20% short gains possibleDE is showing a strong bearish MACD-histogram divergence following a second failed attempt close the gap-down and break resistance at 147.
CAT's (same big machinery bucket) earnings miss, downgrade and refusal to give guidance might weigh on DE too.
Next support levels down are at the 129.50 (~5% down), and then 110 (~20% down).