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Industrial Products Stocks May Catch QE Fatigue

Deere (DE - Get Report) ($82.47) has a hold rating, according to ValuEngine, with a favorable P/E. Deere is above its 200-day simple moving average at $79.65. Deere traded as high as $89.70 on Feb. 14 and as low as $69.41 on June 4. The weekly chart profile is positive with the 200-week SMA at $65.91. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Gardner Denver (GDI) ($60.41) has a hold rating, according to ValuEngine, with a favorable P/E. GDI is below its 200-day SMA at $63.66. GDI is well below its Jan. 17 high at $84.46 with its June 4 low at $69.41. The weekly chart is overbought with the 200-week SMA at $53.84. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

General Electric (GE - Get Report) ($22.71 vs. $21.10 on Aug. 13) has a buy rating, according to ValuEngine, with a so-so P/E ratio. It's above its 200-day SMA at $19.69. GE traded to a multiyear high at $22.96 on Friday, and has an overbought weekly chart profile with the 200-week SMA at $16.77. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Illinois Tool Works (ITW) ($59.47) has a buy rating, according to ValuEngine, with a so-so P/E ratio. It is above its 200-day SMA at $54.98. ITW set a multiyear high at $62.09 on Sept. 14 and has an overbought weekly chart with the 200-week SMA at $47.22. Investors should book profits on strength to my quarterly pivot at $59.84 then employ a "buy and trade" strategy between the value level and risky level.

3M (MMM) ($92.42 vs. $92.29 on Aug. 13) has a buy rating, according to ValuEngine, a so-so P/E ratio and is above its 200-day SMA at $87.88.

MMM set a year-to-date high at $94.30 and has an overbought weekly chart with the 200-week SMA at $79.64. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.
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