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Caterpillar Crosses Below its 10-day MA (CAT)

By David Diaz

Today, shares of Caterpillar (NYSE:CAT) have fallen below their 10-day MA of $83.35 on a volume of 1.6 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, shares of Caterpillar have traded between a low of $56.36 and a high of $89.62 and are now at $82.94, which is 47% 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 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 6.7%. 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