Caterpillar's most recent trend suggests a bearish bias. One trading opportunity on Caterpillar is a Bear Call Spread using a strike $97.50 short call and a strike $105.00 long call offers a potential 15.03% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $6.52 would be incurred if the stock rose above the $105.00 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 26 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Caterpillar
US STOCKS-Wall St down 1 percent on global growth concerns
Thu, 09 Oct 2014 17:38:03 GMT
CAT CEO: US economy ‘inching along'
Fri, 03 Oct 2014 11:11:00 GMT
Help Wanted: Manufacturing jobs available
Fri, 03 Oct 2014 11:05:00 GMT
CNBC – Jay Timmons, National Association of Manufacturers CEO, and Doug Oberhelman, Caterpillar chairman & CEO, discuss job opportunities in the manufacturing space.
CATERPILLAR INC Files SEC form 8-K, Other Events
Tue, 30 Sep 2014 20:20:13 GMT
India's Modi promises U.S. CEOs a return to market reforms
Mon, 29 Sep 2014 22:48:52 GMT
Reuters – By James B. Kelleher (Reuters) – Indian Prime Minister Narendra Modi told nearly a dozen U.S. company chiefs on Monday that he is committed to liberalizing his country's economy, which has underperformed …
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