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) fell 0.74% in the last session, after touching the resistance of the 50-day SMA, with negative signals from the RSI after reaching overbought levels, while gathering momentum to shake off negative pressures, as the stock was buoyed by piercing the downward correctional trend line.
Therefore we expect the stock to return higher, targeting the resistance of 215.70, provided the resistance of 200.00 was breached.
Expected trend for today: Bullish