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Caterpillar Inc Crosses Above its 10-day MA (CAT)

By Shiri Gupta

Caterpillar Inc (NYSE:CAT) crossed over its 10-day moving average of $117.67 on a volume of 621K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Caterpillar Inc has traded in a range of $112.06 to $159.37 and is now at $118.69, 6% above that low. The 200-day and 50-day moving averages have moved 0.01% lower and 0.36% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Caterpillar Inc on July 24th, 2019 by issuing a Downtrend alert when the shares were trading at $131.38. Since that call, shares of Caterpillar Inc have fallen 11.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses caterpillar inc

Ticker(s): CAT