Caterpillar Bullish Moving Average Crossover Alert (CAT)
Today, shares of Caterpillar (NYSE:CAT) have crossed bullishly above their 10-day moving average of $88.14 on a volume of 869K 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, shares of Caterpillar have traded between a low of $56.36 and a high of $89.87 and are now at $88.37, which is 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of Caterpillar on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.12. Since that recommendation, shares of Caterpillar have risen 9.9%. We continue to monitor CAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Caterpillar