Caterpillar widens gains - Analysis - 26-03-2021

Caterpillar's stock (CAT) rose in the last session amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms, with positive signals from the RSI after reaching oversold levels compared to the stock's movements.

Therefore we expect more gains for the stock, targeting the resistance of 237.78, provided the support of 212.59 holds on.

Expected trend for today: Bullish