AGCO reporting earnings Thursday
AGCO, an Industrial Mid Cap Blend in the agriculture machinery industry, is reporting earnings on Thursday. Stock has pulled back 14.47% from its 52-week high. This week Tech is hogging the spotlight with earnings. Given the rotation into the reflation trade and the continuing rise in the TNX, AGCO should reclaim its price level above $140. The RSI, OBV, and MACD for YTD on a D, W, and M interval are all encouraging. On the daily chart, stock experienced a double-top but is now in a rising wedge.
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