Once John Deere Tough, Always John Deere Tough

SITE, or SiteOne Landscape Supply, was formerly known as John Deere Landscapes. The firm, of course, focuses on irrigation, landscape lighting, nursery, and turf and maintenance supplies. 

Although that may not sound like cutting edge cloud, cybersecurity, software technology, the market is certainly on to the case for bulls as far as the SITE chart is concerned. 

On the SITE daily chart, below, we see an impressively narrowing pattern of consolidation in the context of an uptrend. Those lower highs but higher lows have a coiled look, potentially setting the stock up for a fresh leg higher. 

And if recent relative standouts in the ag space, which we have tracked for Members, continue to hang tough even as materials/commodities have had a rough late-summer period here, then SITE becomes all the more attractive as a long idea, eventually needing to clear $94 upside. 

As one of our Members flagged this idea for us, we must stay on the lookout for a fresh setups given how resilient the market is in the face of yet another after hours futures selloff last evening.