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SmarTrend Watching for Potential Rebound in Shares of Caterpillar Inc After 1.50% Loss

By Shiri Gupta

Caterpillar Inc (NYSE:CAT) traded in a range yesterday that spanned from a low of $124.05 to a high of $127.70. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $129.04 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Caterpillar Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Caterpillar Inc in search of a potential trend change.

Over the past year, Caterpillar Inc has traded in a range of $112.06 to $173.24 and is now at $127.38, 14% above that low. The 200-day and 50-day moving averages have moved 0.24% lower and 0.92% lower over the past week, respectively.

Keywords: rebounders caterpillar inc

Ticker(s): CAT