• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Caterpillar Inc After 2.43% Loss

By James Quinn

Caterpillar Inc (NYSE:CAT) traded in a range yesterday that spanned from a low of $138.76 to a high of $140.06. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $142.84 on volume of 214,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Caterpillar Inc have traded between a low of $111.75 and a high of $148.47 and are now at $139.49, which is 25% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Keywords: rebounders caterpillar inc

Ticker(s): CAT