Caterpillar stalls - Analysis - 12-11-2019

Economies.com
2019-11-12 13:57PM UTC

Caterpillar's stock stalled a bit in the intraday levels to gather momentum and collect profits and vent off overbought saturation in the RSI, with positive support from the 50-day SMA and amid the dominance of the upward short-term trend. 

 

Therefore we expect the stock to rise and target the resistance of 151.41. 

 

Expected trend for today: Bullish   

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