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Watch for Caterpillar Inc to Potentially Pullback After Gaining 1.58% Yesterday

By Amy Schwartz

Caterpillar Inc (NYSE:CAT) traded in a range yesterday that spanned from a low of $153.01 to a high of $155.54. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $153.42 on volume of 1.7 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 $173.24 and a 52-week low of $70.53 and are now trading 119% above that low price at $154.74 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

Keywords: rebounders caterpillar inc

Ticker(s): CAT