Devoted to understanding the basics and fundamentals of investing

Deere and Company (NYSE:DE) is today's interesting chart. The stock stands out as a very unique chart because of its tremendous outperformance of the market.

Deere and Company is a terrific example of how the fundamentals of a company come through to a chart. Deere and Company has been a huge beneficiary of the amazing boom in agriculture. Deere makes most of their money from the sale of ag machinery, which has tremendous growth and good margins. In fact, if an investor wants to see just how tremendously Deere is doing they need look no further than their last four earnings reports. Each of the last four quarters Deere has surpassed analyst expectations by at least 25 cents per share. Consistent results that beat analysts estimates by that much are nearly unheard of for such a large and established company.

Below I have included a chart of DE, thanks to StockCharts.com and their terrific free charts. If you take a look at this chart you will see DE has been breaking out and hitting new highs on very strong volume for a few months now. The stock consolidated nicely in mid-November up until its earnings report. The earnings report blew the door off expectations and since then the stock has been charging higher on huge volume. Deere and Company is clearly in a sweet spot right now, and the chart shows that very nicely.