The stock's refusal to break to the downside may be a tell of what the next move could be once the heavy equipment giant reports first-quarter results.
Here's how I see it.
Let's update this stock and see where my new target sits.
After quarterly earnings for this industrial stock, the upside appears the course of least resistance.
The status of the market has changed as seven of 11 sectors turn positive -- but not all sectors have pointed upward, so let's look at the charts for each.
Shares of the steel processor are looking attractive right now.
The steel producer has been forced to keep raising prices.
The technical picture of the farm equipment giant simply isn't encouraging.
Where's the bullish setup?
Two downgrades by a highly rated analyst are not to be taken lightly.