Bearish DailyPlay for Wednesday July 6th, 2016 – Deere & Co (DE)
The bearish DailyPlay we chose for Wednesday July 6th is Deere & Co (DE). DE is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 0.01% move lower and it’s 1m trend turned bearish and 6m turned neutral today.
Deere & Co’s 1m and 6m trends turned bearish today and recently broke below its $80 support level on high volume. With a technical score of 4 (out of 10), DE looks positioned to continue this strong bearish trend lower.