Caterpillar tries to recoup recent losses - Analysis - 26-07-2021

Caterpillar's stock (CAT) rose 0.18% in the last session amid positive signals from the RSI, with the dominance of the downward correctional short-term wave, while hurt by piercing the main upward trend line recently, as the stock continues to suffer from pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 197.90, provided it settles back below 208.43. 

Expected trend for today: Bearish