Caterpillar (CAT) Offering Possible 15.47% Return Over the Next 6 Calendar Days

Caterpillar's most recent trend suggests a bullish bias. One trading opportunity on Caterpillar is a Bull Put Spread using a strike $148.00 short put and a strike $143.00 long put offers a potential 15.47% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $148.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock dropped below the $143.00 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 73.13 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Caterpillar

Dow's 211-point fall led by losses for Apple Inc., Caterpillar stocks
Thu, 10 Sep 2020 18:17:00 +0000
DOW UPDATE Behind losses for shares of Apple Inc. and Caterpillar, the Dow Jones Industrial Average is declining Thursday afternoon. The Dow (DJIA) was most recently trading 211 points (0.8%) lower, as shares of Apple Inc.

Caterpillar, UnitedHealth share losses lead Dow's 133-point drop
Thu, 10 Sep 2020 16:57:00 +0000
DOW UPDATE Dragged down by losses for shares of Caterpillar and UnitedHealth, the Dow Jones Industrial Average is falling Thursday afternoon. Shares of Caterpillar (CAT) and UnitedHealth (UNH) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 133 points lower (-0.

Dow's 60-point drop led by losses for shares of Caterpillar, Johnson & Johnson
Thu, 10 Sep 2020 15:56:00 +0000
DOW UPDATE Shares of Caterpillar and Johnson & Johnson are retreating Thursday morning, sending the Dow Jones Industrial Average into negative territory. Shares of Caterpillar (CAT) and Johnson & Johnson (JNJ) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 60 points lower (-0.

Microsoft, Apple Inc. share gains lead Dow's nearly 675-point surge
Wed, 09 Sep 2020 18:55:00 +0000
DOW UPDATE Powered by positive momentum for shares of Microsoft and Apple Inc., the Dow Jones Industrial Average is soaring Wednesday afternoon. Shares of Microsoft (MSFT) and Apple Inc. (AAPL) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 672 points, or 2.

Caterpillar Is Metamorphosing Into a Bull
Wed, 09 Sep 2020 17:33:00 +0000
In this updated daily bar chart of CAT, below, we can see that the shares have just pushed up above their January 2020 highs. The On-Balance-Volume (OBV) line has moved up to a new high to confirm the price gains. In the weekly bar chart of CAT, below, we can see that prices are in an uptrend and challenging levels not seen since the middle of 2018.

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