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Caterpillar Inc Rises 2.57% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Caterpillar Inc (NYSE:CAT) traded in a range yesterday that spanned from a low of $119.89 to a high of $123.02. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $121.70 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Caterpillar Inc share prices have moved between a 52-week high of $153.66 and a 52-week low of $111.75 and are now trading 10% above that low price at $122.51 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

Keywords: rebounders caterpillar inc

Ticker(s): CAT