Caterpillar driven lower by important resistance - Analysis - 08-04-2021

Caterpillar's stock (CAT) fell in the intraday levels amid negative signals from the RSI after the resistance of 237.75 held its ground, while gathering positive momentum to help it pierce that resistance, amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 250.00.

Expected trend for today: Bullish