Caterpillar's most recent trend suggests a bearish bias. One trading opportunity on Caterpillar is a Bear Call Spread using a strike $220.00 short call and a strike $240.00 long call offers a potential 7.01% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $220.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $18.69 would be incurred if the stock rose above the $240.00 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 at 34.45 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Caterpillar
Miners Embracing Autonomous Trucks for a Carbon-Neutral Future
Wed, 15 Sep 2021 13:51:01 +0000
Rio Tinto (RIO) and Caterpillar (CAT) partner to develop zero-emissions autonomous haul trucks – a testament to the initiatives taken by major companies to ensure a carbon-neutral future.
Caterpillar CEO Says Worker Shortage Adds to Supply-Chain Snags
Wed, 15 Sep 2021 00:00:00 +0000
(Bloomberg) — Caterpillar Inc. is having a tough time getting the materials it needs from suppliers facing a labor crunch, adding another hurdle for the machinery maker that’s already said a global chip shortfall may keep it from fully meeting demand this year.Chief Executive Officer Jim Umpleby said its had some isolated labor shortages in its factories, but nothing significant for Caterpillar internally. The bigger issue is that many of its suppliers face a lack of workers, adding to already
Caterpillar (CAT) Dips More Than Broader Markets: What You Should Know
Tue, 14 Sep 2021 21:45:09 +0000
Caterpillar (CAT) closed at $202.33 in the latest trading session, marking a -1.88% move from the prior day.
Caterpillar (CAT) Buys CarbonPoint, Furthers Sustainability Goals
Tue, 14 Sep 2021 15:02:03 +0000
Caterpillar (CAT) acquires carbon capture technology company, CarbonPoint Solutions, which will help it in achieving its sustainability goals.
Caterpillar To Showcase Sustainability, Safety And The Future Of Mining At MINExpo 2021
Mon, 13 Sep 2021 16:00:00 +0000
Caterpillar Inc. (NYSE: CAT) is unveiling its latest advancements in safety, sustainability and technology at MINExpo 2021 in Las Vegas, Nevada. The 55,000-ft2 exhibit features a broad range of product displays, new equipment introductions, autonomous machines, remote operating stations and previews of what the future holds in the mining industry.
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