well formed symmetrical HS on daily, forming since july. measuring rule implies 13.8% or 10.43 AFTER decisive close below neckline initial PT of $56.32 MACD trending down reinforces technical thesis. fundamentally, annual net income has decreased almost by 50% for 4 consecutive years; gurufocus' reverse DCF values at $27. www.gurufocus.com/dcf/AGCO
Comment:
SP bounced off supply line forming double top at 75.9, retracing below the inverse head and shoulders neckline froming since 06OCT. If prices close below 200 DMA at 70.43 there will probably be further correction to neckline larger head and shoulders neckline at 65