Caterpillar's most recent trend suggests a bullish bias. One trading opportunity on Caterpillar is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 10.5% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $9.05 would be incurred if the stock dropped below the $130.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Caterpillar is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Caterpillar is bullish.
The RSI indicator is at 74.26 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Caterpillar
Rio Tinto to retrofit Pilbara trucks for autonomous handling
Mon, 18 Dec 2017 00:04:47 +0000
Mining giant Rio Tinto Ltd said it plans to expand its fleet of autonomous trucks operating in Australia's Pilbara iron-ore region, part of a cost-cutting program across its operations. Rio said it had signed deals with Komatsu Ltd and Caterpillar Inc to retrofit 48 trucks with Autonomous Haulage System (AHS) technology. This will be the first time the technology has been deployed on Caterpillar trucks, Rio said in a statement.
Benzinga's Weekly Bulls & Bears: Bitcoin, Ford, Lululemon, Nike And More
Sun, 17 Dec 2017 16:47:24 +0000
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Zacks.com featured highlights: Caterpillar, Oshkosh, Arista Networks, NVIDIA and H&E Equipment Services
Fri, 15 Dec 2017 14:49:02 +0000
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Why Caterpillar (CAT) Could Beat Earnings Estimates Again
Fri, 15 Dec 2017 13:57:01 +0000
Caterpillar (CAT) boasts a favorable Zacks Rank and a positive Earnings ESP, which is a great sign of a coming earnings beat.
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