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 rallied 1.21% in the last session, hitting a session-high at 150.24 and bouncing off it lower, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 155.35, provided the support of 142.60 holds on.
Expected trend for today: Bullish