Caterpillar keeps rising - Analysis - 10-01-2021

Caterpillar's stock (CAT) kept rising with a 0.99% in the last session, settling at 224.19, while buoyed by piercing the downward correctional trend line, with positive pressure from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the first resistance of 234.50, provided it holds above 222.00.

Expected trend for today: Bullish