03.12.2014 - Deere & Company is trying to overcome the local maximum

The stock price of Deere & Company approached the important level of 90.00, but could not overcome it and began to decline. In case of a further correction, quotations may drop down to the lower boundary of the local rising channel. Despite the possible drop, we expect continued growth of quotations in the medium term with a stop below 94.50 and a target at 85.00. We expect growth in the short term with the potential growth by 5-7%.

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