Bearish DailyPlay for Friday April 8th, 2016 – Deere & Co (DE)
The bearish DailyPlay we chose for Friday April 8th is Deere & Co (DE). DE is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 2.54% higher but its 1m rend turned neutral today and just broke below its $55 support level.
Deere & Co’s 1m and 6m trends turned bearish on 3/31 and recently broke below its $80 minor support level. With a technical score of 3 (out of 10), DE looks positioned to continue this strong bearish trend lower.