DEER trade ideas
DE - Earnings option play, $122 August Puts currently $1.81DE is another high risk option play. It seems forming a inverse fallen angel or bump & run formation. Moneyflow has strong negative divergence. We think it has good downside potential with earnings. To play this we would look for $122 August Puts currently $1.81
* Trade Criteria *
Date First Found- August 17, 2017
Pattern/Why- Earnings Play (High Risk Trade); Inverse Bump & run formation
Entry Target Criteria- We would look for $122 August Puts currently $1.81
Exit Target Criteria- Momentum
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
de short ideaHi maybe a little way off but sorting de below 121.90 is a very good idea with a target of 115.00 which is filling an old historic gap.
long like this stock and this is why:
There is a very strong support line.
The stock bounced at it friday and finished the day bullish ( hammer ).
What i like is: As you can see the stock gap a lot recently and then came back during the day and bouced right at this support, then the stock retrace a little bit and here we are again at this support. What happen friday is that the stock went down strongly but the bears did not have the power and the control to stay at this level so the bulls came in and finished the day close to the open so that was a nice hammer candle and this is why i think the bulls are now ready to reverse the trend.
DE - Time to Sell? DE has just broken below the 9 day and 50 day MA and has ended on a BE candle.
The RSI seemed to be trying to break above the 50 level, but it got rejected. It's been hovering back and forth in the same range for a while now - I'm tempted to take a sell position, with a SL of 110.20 -
This Is Why I Am Shorting $DE First Thing On Monday...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.
DE- $90 Decembre Put option as Earnings playStrath consider $90 Decembre Put option as Earnings play
Possible Long Setup$DE is in an ascending triangle with a potential to fill the gap up to $90.50. I will wait and see if the price breaks above the triangle at $84.90 then go long for a target of $90.50. A more aggressive entry could be the point where the price touches the rising trend line, lets see.
Bear flag on DEPrice action has formed a consolidation triangle or bear flag on DE. Wait for confirmation of a break out of the triangle with large volume to short. Price should fall to at least $73 on next move.
