Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Caterpillar's stock fell in the short term and exited an ascending price channel that guided recent trading, with negative pressure from the 50-day SMA, amid attempts to vent off oversold saturation in the RSI.
Therefore we expect more losses for the stock, as long as the resistance of 129.30 holds on, targeting the support of 121.20.
Expected trend for today: Bearish