Sell Alert: April 29, 2013

Marcus Haber | April 29, 2013

Sell Alert: April 29, 2013

Trade Details

Sell Deere & Company (DE) May 2013 $87.50 Calls for $2.75 or better

Why?

What a huge day for DE! The stock’s up over 4% as of this writing.

At these levels, our calls are 100% winners!

A reversal in grain prices today is helping push the outlook higher for farm machinery companies like DE. Plus, as I expected, DE was setup technically for a big move higher. There’s only so long you can keep a great company like Deere depressed.

Given the technical breakthrough of the stock, this is a good time to sell. We’ve bolted past the 20-day and 50-day moving average. Let’s sell here and collect our fantastic gains.