Deere DE Stock On Downtrend Channel Breakout

  • Post category:Stock Trading
  • Reading time:3 mins read
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Deere DE stock has formed a downtrend channel breakout on June 12, 2023. The stock is in a technical downtrend.

DE stock chart on June 12 2023 with a downtrend channel breakout chart pattern
DE stock chart on June 12, 2023, with a downtrend channel breakout chart pattern

Deere & Company is an American multinational corporation that manufactures agricultural, construction, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, lawn care equipment, and more. It is one of the world’s largest manufacturers of agricultural equipment, producing products such as tractors, combines, cotton pickers, sprayers, and seeders. Deere & Company also offers financing and other services to support its equipment sales.

At the CES 2023, Deere (NYSE:DE) CEO John May said:

Today, John Deere leverages a vast tech to give our machines superhuman capabilities. This begin with our equipment. Over 500,000 connected machines run across more than a third of the earth’s land surface. You might want to think of them as robots that precisely execute jobs in the land, on roads, and at construction sites. Within these machines, we have integrated displays with embedded software, GPS hardware with precisely signal correction; machine learning, cloud computing and one of the leading digital platforms in the agricultural industry, the John Deere Operations Center. Each one of these technologies brings unique and specific benefits to our customers.

204 Monitor Your Farm | John Deere Operations Center

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