Caterpillar declines in volatile session - Analysis - 01-12-2021

Caterpillar's stock (CAT) tumbled 1.31% in the last volatile session, settling at 193.35, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect more losses for the stock, targeting the pivotal support of 187.00, provided it settles below 200.00.

Expected trend for today: Bearish