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

By James Quinn

Today, shares of Caterpillar Inc (NYSE:CAT) have fallen below their 10-day MA of $140.78 on a volume of 2.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Caterpillar Inc has traded in a range of $112.06 to $161.60 and is now at $137.60, 23% above that low. The 200-day and 50-day moving averages have moved 0.05% higher and 0.40% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Caterpillar Inc and will alert subscribers who have CAT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses caterpillar inc

Ticker(s): CAT