New high in? long-term trend has been intact, and the recent break into a new high has sparked a new high for this producer manufacturing stock. However, will Trump's tariffs derail it? Regardless, DE.US could be a long-term play going forward.
Price action
The stock has broken out of the corrective pennat, confirming the uptrend resumption.
Momentum
Long-term MACD's histogram is positive and signal line is rising steadily, confirming the long-term bullish momentum.
The stochastic Oscillator (62, 12, 12) is in the overbought zone but based on the chart, there is no strong selling pressure yet and hence, the divergence factor may continue to push price higher
The rate of change managed to rise sharply above the zero line.
Volume and Trend strength are in a healthy stage. Both are displayed by volume and Directional movement index.
Potential Risk:
The stock is at the all time high and may be a bear trap. However, 100 psychological level should be a good level to hold on to a rebound.
