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Bullish Moving Average Cross by Caterpillar (CAT)

By David Diaz

Today, shares of Caterpillar (NYSE:CAT) have crossed bullishly above their 10-day moving average of $76.11 on a volume of 2.0 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Caterpillar share prices have been bracketed by a low of $56.36 and a high of $89.62 and are now at $76.36, 35% above that low price. The 200-day and 50-day moving averages have moved 0.21% lower and 0.99% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Caterpillar. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Caterpillar in search of a potential trend change.

Keywords: moving crosses Caterpillar

Ticker(s): CAT