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Bullish Moving Average Cross by Caterpillar Inc (CAT)

By David Diaz

Caterpillar Inc (NYSE:CAT) crossed over its 10-day moving average of $155.28 on a volume of 780K 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 Inc share prices have been bracketed by a low of $102.30 and a high of $173.24 and are now at $157.11, 54% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Caterpillar Inc and will alert subscribers who have CAT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses caterpillar inc

Ticker(s): CAT