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May 31, 2021 (Stock Traders Daily via COMTEX) — #Investors often shrug off the impact of #stimulus but when fabricated demand comes into the #stockmarket everything is affected, even Deere (NYSE: DE) and other stocks that might not be direct beneficiaries. They say, a rising tide lifts all boats, and multiple expansion is a natural byproduct, but it works in both ways. For DE we can see the impact demand changes have on price by looking at the trading plans and pivot points below. This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done. For an update, please request Unlimited Real Time Reports.

Technical Summary

Bias Weak Neutral Strong
P1 0 0 364.00
P2 357.64 345.88 385.93
P3 364.72 361.58 409.07
Longer Term Trading Plans for DE

May 31, 2021, 12:00 am ET

DE – (Long) Support Plan

NONE.

DE – (Short) Resistance Plan

Short under 364.00, target n/a, stop loss @ 365.05

COMTEX_387585557/2570/2021-05-31T00:28:34

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The MarketWatch News Department was not involved in the creation of this content.