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 0.76% in the last session, piercing the current resistance of 226.55 amid the dominance of the main upward trend in the medium term, with positive support 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 first resistance at 237.80.
Expected trend for today: Bullish