Deere & Co. stock trades under the ticker DE & has shown recent bullishness that traders & investors should take a closer look into.
DE stock closed at $426.99/share on 2/1/2023.
Deere & Co. DE Stock’s Technical Performance Broken Down
DE Stock Price: $426.99
10 Day Moving Average: $416.87
50 Day Moving Average: $429.39
200 Day Moving Average: $373.43
RSI: 52.81
MACD: -1.839
Yesterday, DE stock completed a bullish MACD crossover, gaining 0.98% on the day’s session.
Recent trading volumes have been below average compared to the year prior & their RSI is neutral, signaling that there is currently some uncertainty about the value of their shares.
DE stock has support at the $420.48 & $416.87/share price levels, as they try to break out above their $429.39 (50 Day Moving Average) & $432.64/share resistance levels.
Deere & Co. DE Stock As A Long-Term Investment
Long-term oriented investors will like DE stock’s 18.09 P/E (ttm), but their 6.18 P/B (mrq) may be a bit higher than what many investors like.
DE stock recently reported 37.2% Quarterly Revenue Growth Y-o-Y, with 75.1% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $4.13B of Total Cash (mrq) & $53.31B of Total Debt (mrq).
DE stock pays a 1.03% dividend, which appears to be sustainable in the long-run, as their payout ratio is 18.73%.
79.57% of DE stock’s outstanding share float is owned by institutional investors.
Deere & Co. DE Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from price movements in DE stock, while protecting their portfolio from volatility.
I am looking at the contracts with the 3/17 expiration date.
The $400, $410 & $390 call options are all in-the-money, listed from highest to lowest level of open interest.
The $440, $450 & $430 puts are also all in-the-money, with the former strike prices being more liquid than the latter.
Tying It All Together
DE stock has many interesting attributes that traders & investors will find appealing.
Investors will like their dividend yield, as well as their valuation metrics, but may want to review their balance sheet further before buying.
Traders will like their recent technical performance, as well as how liquid their options are.
All-in-all, it is worth taking a closer look into DE stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS AROUND DE STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***