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 17.51% return on risk over the next 29 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 $1.49 would be kept by the premium seller. The risk of $8.51 would be incurred if the stock dropped below the $155.00 long put 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 up which suggests that the medium-term momentum for Caterpillar is bullish.
The RSI indicator is at 67.84 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Caterpillar
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.
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Fri, 13 Nov 2020 19:40:47 +0000
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