• Return to Headlines

Caterpillar Inc (CAT) Breaks Through Support at $108.09

By Nick Russo

Shares of Caterpillar Inc (NYSE:CAT) opened today below their pivot of $108.73 and have already reached the first level of support at $108.09. Should the shares continue to fall, the support pivots of $107.42 and $106.11 will be of interest.

Potential upside of 0.0% exists for Caterpillar Inc, based on a current level of $0.00 and analysts' average consensus price target of $111.22. Caterpillar Inc shares should first meet resistance at the 200-day moving average (MA) of $71.11 and find additional resistance at the 50-day MA of $74.96.

Caterpillar Inc share prices have moved between a 52-week high of $110.00 and the current low of $0.00 and are currently at $0.00 per share. 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 Inc 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 Inc have risen 12.1%. We continue to monitor CAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts caterpillar inc

Ticker(s): CAT