The bullish DailyPlay we chose for Thursday Dec 14th is Deere & Co (DE). DE is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 5.78% move higher and its 1m and 6m trend has turned bullish on 11/28 while bouncing higher off its $74 support level.
Deere & Co’s 1m and 6m trends turned bullish on 11/16 and recently bounced higher off its $150 support level. With a technical score of 9 (out of 10), DE is a strong bullish stock that is likely to continue higher.
As a stop loss, if DE was to trade below $150 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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