02.08.2016 - We expect correctional growth of Deere & Co.

Price of Deere & Co. stabilized after the recent decline, and is currently located near the level of 78.00. In case of continued negative dynamics, quotes will reach the support level at 76.00 and the local descending channel's lower border, after which within the negative momentum may fall to 73.30. According to our estimates, quotes in the near future will grow within the correction to 80,30-82,00. Our medium-term outlook is negative.

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