Conclusion, Investment Implications, Strategy

We exited our April 26th long idea in Deere & Co (DE) this morning for no (0%) gain ahead of the stock’s May 21st earnings report.

Analysis and Rationale

In our April 26th Asbury Alert, entitled Deere & Co. (DE) Resuming 2020 Advance, we said:

Deere & Company (DE) appears to be resuming its July 2020 major uptrend amid coincident quarterly relative outperformance versus the benchmark S&P 500 (SPX).

We exited the trade idea this morning because of DE’s inability to launch a significant rally from support over the past 3 weeks, and the upcoming uncertainty of earnings just days away.

Here is an updated version of the chart of DE from our April 26th report.

DE daily since January with relative performance versus SPX


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