"Technically, Deere & Co. (DE) is in a 17-week flat base; the stock has now pushed toward the top of the base as in position to breakout at any time; with earnings growth to accelerate the next two quarters, we have has high expectations for a breakout," says Leo Fasciocco.

The technical "breakout" specialist and editor of The Ticker Tape Digest explains, "The company makes farm and turf equipment, and related service parts. The construction and forestry sells machines and parts used in construction, earthmoving, material handling and timber harvesting.

"DE's long-term chart shows the stock climbing from 28 in 2005 to a peak of 94 during that bull market phase. The stock then made the round trip during the following bear market.

In his Validea newsletter, John Reese selects stocks using the investment strategies of the market's leading gurus, such as Benjamin Graham, John Neff, Warren Buffett, David Dreman, and Peter Lynch.

The advisor, and author of the just-published The Guru Investor, recently ran a screen based on the investment strategy of Kenneth Fisher to find his latest buy recommendation -- Kennametal (NYSE: KMT).

Reese explains, "For decades, the price-to-earnings ratio has been the most widely used valuation measure for stock investors, and a key tool in the arsenals of many of the gurus I follow. ut in 1984, Kenneth Fisher sent a shockwave through the P/E-conscious investment world.