Caterpillar's stock regained footing with a 1.30% profit in the last session, while settling above 142.50, representing the 50% ratio of Fibonacci retracement levels for a descending long-term wave, with positive support from the 50-day SMA and the RSI.
Therefore we expect more gains for the stock, targeting the next resistance at 149.75.
Expected trend for today: Bullish