This industrial stock could be best way to ride sector surge, trader says (via TradingNation)
Industrial stocks are outperforming this month, and one name could be the best bet to ride the wave, Todd Gordon of TradingAnalysis.com says.
"I like the chart setup inJohn Deerewith the agricultural play and with obviously a Chinese deal getting closer and closer is the word around the street," said Gordon. "We have also a pending breakout here above the $180 level in John Deere. We're trading $179.23 is the old high back in early 2018. It looks like resistance has been broken."
Deere needs to rally another 2% to break above $180. It would mark a new record high. Read more: CNBC »
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