Sam Collins

Deere on the Run

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Deere & Co. (DE) -- This manufacturer of agricultural equipment, construction and forestry vehicles, and trucks had fallen from a bull-market high of more than $90 to below $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 $35, the stock had a false breakout at more than $45 but has pulled back to support, and the stochastic has issued a buy signal along with our own CBR on Feb. 2.

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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.