Caterpillar's most recent trend suggests a bearish bias. One trading opportunity on Caterpillar is a Bear Call Spread using a strike $103.00 short call and a strike $108.00 long call offers a potential 16.55% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $103.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock rose above the $108.00 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Caterpillar
U.S. Architecture Billings Index falls in August
Wed, 24 Sep 2014 04:00:01 GMT
Reuters – The ABI stood at 53.0 in August, down from 55.8 in July, the American Institute of Architects said on Wednesday. The new projects inquiry index fell to 62.6 in August from 66.2 the previous month.
Taking Stock: Caterpillar’s Efforts to Alleviate Poverty
Tue, 23 Sep 2014 19:45:45 GMT
The Zacks Analyst Blog Highlights: Royal Bank of Scotland Group, Morgan Stanley, Goldman Sachs Group, JPMorgan Chase and Caterpillar
Tue, 23 Sep 2014 11:39:55 GMT
Stocks drop along with small caps; Apple resumes rise
Mon, 22 Sep 2014 20:08:50 GMT
Caterpillar's August Sales Bear the Brunt of Weak Mining
Mon, 22 Sep 2014 19:32:12 GMT
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