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Machinery Equities Technical Commentary -- Research on Deere & Co., Manitowoc, Terex, and Joy Global

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LONDON, April 3, 2014 /PRNewswire/ --

On Wednesday, April 02, 2014, the NASDAQ Composite ended at 4,276.46, up 0.20%, the Dow Jones Industrial Average advanced 0.24% to 16,573.00, and the S&P 500 closed at 1,890.90, up 0.29%. The gains were broad based as eight out of 10 sectors ended the session in positive. The S&P 500 Industrials Sector Index finished the day at 456.87, up 0.65%, and charted up 2.17% in the last one month. Investor-Edge has initiated coverage on the following equities: Deere & Co. (NYSE: DE), The Manitowoc Co. Inc. (NYSE: MTW), Terex Corp. (NYSE: TEX) and Joy Global Inc. (NYSE: JOY). Free technical research on DE, MTW, TEX and JOY can be downloaded upon signing up at:

Deere & Co.'s stock gained 0.56% on Wednesday, closing the day at $91.90. A total of 2.71 million shares were traded as compared with three months average volume of 3.07 million shares. The company's shares oscillated between $91.03 and $92.00 during the trading session. Shares in Deere & Co. have gained 6.95% in the last one month, 1.82% in the previous three months, and 0.62% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. Deere & Co.'s 50-day moving average of $86.99 is above its 200-day moving average of $85.02. Furthermore, the company's stock is trading at a PE ratio of 9.98 and has a Relative Strength Index (RSI) of 65.85. Sign up today to read free research on DE at:

The Manitowoc Co. Inc.'s stock witnessed trading volume of 1.93 million shares on Wednesday, which is below the three months average volume of 3.06 million shares. The stock ended the day at $31.25, up 1.59% after trading between $30.57 and $31.45. The Manitowoc Co. Inc.'s shares have rallied 35.16% in the last three months and 34.01% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The Manitowoc Co. Inc.'s 50-day moving average of $29.30 is above its 200-day moving average of $22.58. Additionally, shares of the company are trading at a PE ratio of 21.98 and have an RSI of 50.88. Sign up today to read free research on MTW at:

On Wednesday, shares in Terex Corp. gained 0.43%, finishing the session at $44.19. The stock recorded a trading volume of 1.57 million shares, which is below the three months average volume of 2.08 million shares. The company's shares fluctuated between $43.60 and $44.59 during the session. Shares in Terex Corp. have surged 2.10% in the previous three trading sessions, 7.49% in the last three months, and 5.24% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. Terex Corp.'s 50-day moving average of $42.27 is above its 200-day moving average of $35.71. Moreover, shares of the company are trading at a PE ratio of 18.07 and have an RSI of 55.50. Sign up today to read free research on TEX at:

Shares in Joy Global Inc. recorded a trading volume of 1.70 million shares, as compared with a three month average volume of 1.61 million shares. The stock ended Wednesday's session at $59.09, up 1.58% after vacillating between $57.79 and $59.35. Joy Global Inc.'s shares have advanced 7.44% in the last one month, 4.84% in the previous three months, and 1.03% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. Joy Global Inc.'s 50-day moving average of $55.52 is above its 200-day moving average of $53.70. Further, the company's shares are trading at a PE ratio of 12.22 and have an RSI of 60.92. Sign up today to read free research on JOY at:


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