Caterpillar stalls - Analysis - 12-05-2021

Economies.com
2021-05-12 11:41AM UTC

Caterpillar's stock (CAT) fell 1.36% in the last session on profit-taking, while gathering momentum to help it rise anew, while also venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to rise and target the resistance of 250.00, provided the resistance of 236.75 was breached. 

 

Expected trend for today: Bullish 

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