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 (CAT) rose 2.60% in the last session amid positive signals from the RSI while retesting the resistance of 223.00, amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of 208.40 anew, provided the resistance of 223.00 holds on.
Expected trend for today: Likely Bearish