My Trade Plan:
- $360 or higher for target exit
- $340 at recent low in the range for stop exit
- Higher-risk “spicy” idea: DE Dec 17 2021 355 Call
- More conservative idea: DE Dec 17 2021 345 Call near $11
DE Deere Inc. (DE) - Bullseye Pick of the Week
DE Deere Inc. (DE)
Original Alert went out on December 07, 2021.
And right now the stock that stands out to me the most is DE. DE has been fighting the trend lately and while it is down somewhat, it is holding in a great trend. I also like the “squeeze” indicator setting up on this.
If the market can calm down for a couple of days (which I think it will) then DE could start to squeeze into the $360’s or higher. $340 has been the recent low in the range, so if that breaks I plan to use it as my stop loss. That is also the area I would look to sell a put spread.