Caterpillar (CAT) Offering Possible 27.88% Return Over the Next 15 Calendar Days

Caterpillar's most recent trend suggests a bullish bias. One trading opportunity on Caterpillar is a Bull Put Spread using a strike $134.00 short put and a strike $129.00 long put offers a potential 27.88% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $134.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $3.91 would be incurred if the stock dropped below the $129.00 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 above 80 which suggests that the stock is in overbought territory.

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

Top ETF Events of Wall-Street's Decade-Best June
Tue, 02 Jul 2019 17:42:45 +0000
June was stellar for Wall Street thanks to dovish comments from big central banks, oil price rise and cues of U.S.-China trade truce.

With Jobs Report Ahead, Focus Turns To Economic Data, Auto Sales, Tesla Output
Tue, 02 Jul 2019 17:07:44 +0000
Following Monday’s flight to new highs as trade tensions eased, the markets face a holiday-shortened week highlighted by Friday’s jobs report. Tuesday’s agenda includes June auto sales and Tesla Inc (NASDAQ: TSLA) production numbers. New York Fed President John Williams and Cleveland Fed President Loretta Mester both approach the microphones this morning, and the OPEC meeting ended with the cartel deciding to extend production cuts to next March.

The Zacks Analyst Blog Highlights: Caterpillar, Roper Technologies, Cisco Systems, Amtech Systems and Intuit
Tue, 02 Jul 2019 13:34:01 +0000
The Zacks Analyst Blog Highlights: Caterpillar, Roper Technologies, Cisco Systems, Amtech Systems and Intuit

Why Caterpillar Has Growth Potential
Mon, 01 Jul 2019 16:49:26 +0000
The company’s strategy is set to boost its financial outlook

Stocks Rally, Chips Lead On China Trade War Truce, Dow Jones Soars 250 Points
Mon, 01 Jul 2019 13:54:24 +0000
Inphi, Baozun and Caterpillar stock eyed early breakouts Monday as a China trade war truce sent chips, China names and Dow Jones stocks sharply higher.

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