Caterpillar benefits from positive support - Analysis - 17-01-2020

Caterpillar's stock surged in the intraday levels after leaning on the 50-day SMA support, lending it support and marking a 1.58% profit, amid the dominance of the main upward short-term trend, with positive signals from the RSI. 

Therefore we expect more gains foe the stock, targeting the pivotal resistance at 150.45. 

Expected trend for today: Bullish