Caterpillar Bearish Moving Average Crossover Alert (CAT)
Caterpillar (NYSE:CAT) crossed under its 10-day moving average of $79.64 on a volume of 1.3 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $79.10, 40% 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