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Caterpillar Bullish Moving Average Crossover Alert (CAT)

By Shiri Gupta

Today, shares of Caterpillar (NYSE:CAT) have advanced above their 10-day MA of $100.78 on a volume of 1.3 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, shares of Caterpillar have traded between a low of $56.36 and a high of $105.98 and are now at $101.92, which is 81% 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 recommended that subscribers consider buying shares of Caterpillar on April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.99. Since that recommendation, shares of Caterpillar have risen 3.3%. We continue to monitor CAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Caterpillar

Ticker(s): CAT