Caterpillar's most recent trend suggests a bearish bias. One trading opportunity on Caterpillar is a Bear Call Spread using a strike $105.00 short call and a strike $115.00 long call offers a potential 9.05% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $105.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $9.17 would be incurred if the stock rose above the $115.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Caterpillar is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Caterpillar is bearish.
The RSI indicator is at 41.87 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Caterpillar
Caterpillar April Sales Drop 13%
Wed, 21 May 2014 20:15:04 GMT
Dow Today: Caterpillar (CAT) Higher
Wed, 21 May 2014 16:00:00 GMT
Cisco CEO's sobering message
Wed, 21 May 2014 13:15:00 GMT
GLOBAL MARKETS-Stocks flounder in Wall St's wake, yen rises on BOJ optimism
Wed, 21 May 2014 08:36:54 GMT
Reuters – UK Focus – * European shares under pressure after falls elsewhere * Lower U.S. bond yields, BOJ comments push yen higher vs dollar LONDON, May 21 (Reuters) – European stocks were under pressure on Wednesday, spooked by overnight falls on Wall Street, and the dollar fell against the yen as the Bank of Japan suggested the world's third largest economy needed no additional stimulus for now. Europe's FTSEurofirst 300 share index was down 0.02 percent by 0815 GMT, extending the declines of recent days and taking it further away from the 2014 peak it hit last week.
Nikkei falls as BOJ awaited; construction equipment makers hit by Caterpillar
Wed, 21 May 2014 01:23:42 GMT
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