DE, Deere & Co.

de nov 27 2016 bde nov 27 2016 s

The RSI for this stock is off the map. Part of the chart is detached from the rest as a result of two gaps, one down and one up.

Profits 4 days ago were well down, but with the right spin nobody cares. Their businesses farming, tree harvesting, construction, lawn care and the like are nearly all in a slump and projections for the coming year are also down. But then there is Trump and this gives a lift to everything that a tractor can be used for. Not many of these projects are front-loader-ready so to speak so it looks like we may be overdoing it. A sell in our opinion.

CAT is lagging far behind which is rather as it has a higher P/E .