Deere & Co. (DE) reports a top & bottom-line beat in its latest earnings report. Ben Watson examines the technical formations taking place on the chart. Over the last 5 days, he points to a range between $495-$510 saying investors might be "harvesting profits" at this point. On a longer-term timeframe, he says the trend has "generally been higher" but caught in a recent range amid ongoing tariff negotiations. Then, Ben points to a correlation trade using Corn Futures (/ZC) as a comparison to DE.
Morning Movers
15 May 2025
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