Caterpillar's most recent trend suggests a bullish bias. One trading opportunity on Caterpillar is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 19.76% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $8.35 would be incurred if the stock dropped below the $155.00 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 66.28 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
Exclusive: U.S. investigators were told to take ‘no further action' on Caterpillar, ex-client of Barr
Thu, 19 Nov 2020 01:46:33 +0000
Before William Barr became President Donald Trump’s choice to lead the U.S. Department of Justice, he represented Caterpillar Inc, a Fortune 100 company, in a federal criminal investigation by the department. Much was at stake for Caterpillar: Since 2018, the Internal Revenue Service has been demanding $2.3 billion (£1.7 billion) in payments from the company in connection with the tax matters under criminal investigation. A week after Barr was nominated for the job of attorney general, Justice officials in Washington told the investigative team in the active criminal probe of Caterpillar to take “no further action” in the case, according to an email written by one of the agents and reviewed by Reuters.
Cabot Continues Brand Expansion with Cabot Revelstoke in British Columbia
Tue, 17 Nov 2020 15:17:00 +0000
TORONTO, Nov. 17, 2020 /CNW/ — Cabot, the developer and operator of master-planned golf resort communities, announces its third resort with Cabot Revelstoke in British Columbia.
Caterpillar's October Retail Sales Down 17% on Weak Demand
Mon, 16 Nov 2020 16:23:04 +0000
Caterpillar's (CAT) global retail sales have been in the negative territory for 11 consecutive months owing to weak demand.
Recovery is in ‘early innings:’ Investment strategist
Fri, 13 Nov 2020 19:40:47 +0000
Yahoo Finance’s Alexis Christoforous and Andrew Smith, Chief Investment Strategist at Delos Capital Advisors, discuss the latest market moves and recovery outlook.
These are the 14 value stocks that top-performing investment newsletters like the most
Fri, 13 Nov 2020 17:09:00 +0000
Many of the newsletter editors think value is finally reasserting its historical dominance over growth.
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