DailyPlay for Wednesday November 25th, 2015 – John Deere & Co (DE)

The bearish DailyPlay we chose for Wednesday November 25th is John Deere & Co (DE). DE is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 0.89% move higher and its 1m and 6m trend indicator just turned bullish, however it failed to sustain above its $55 resistance level.

John Deere & Co’s 1m and 6m trends just turned bearish on 11/6 and recently broke below its $75 minor support level on high volume which now becomes resistance. With a technical score of 3 (out of 10), DE looks positioned to continue this strong bearish trend lower.

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