Deere & Co. (DE) — This manufacturer of agricultural equipment, construction and forestry vehicles and trucks had fallen from a bull-market high of above $90 to under $30.

On Dec. 11, with DE at $36, the Trade of the Day said, “DE is considered to be a blue chip that could benefit from the new administration’s emphasis on infrastructure repair.
The stock has been picking up buyers and has flashed three of our internal indicator’s — the Collins-Bollinger Reversal (CBR) — buy signals. At the current price, DE could be a valuable addition to a quality portfolio.”

Now at $46, the stock has broken a double-top and could make a run to the 200-day moving average at about $60.

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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.