Caterpillar spikes - Analysis - 13-01-2021

Caterpillar's stock (CAT) climbed 1.90% in the last session amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the resistance of 206.00, provided the support of 183.50 holds on. 

Expected trend for today: Bullish