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 $160.00 long put offers a potential 44.93% return on risk over the next 24 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 $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $160.00 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 77.2 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
Economic Calendar – Top 5 Things to Watch This Week
Sun, 25 Oct 2020 08:23:21 +0000
By Noreen Burke
Ignore Trump and Biden, These 3 Stocks Are Buys No Matter Who Wins
Sat, 24 Oct 2020 11:09:00 +0000
Caterpillar (NYSE: CAT), Procter & Gamble (NYSE: PG), and United Parcel Service (NYSE: UPS) are among the best of them. Equipment manufacturer Caterpillar continues to be one of the best performing industrial stocks on the market today, hitting a new intraday 52-week high on Tuesday. Part of Caterpillar's success is that the company now generates less than 50% of its sales from North America, meaning it is diversified enough to handle domestic challenges.
Caterpillar (CAT) to Report Q3 Earnings: What's in Store?
Wed, 21 Oct 2020 14:12:02 +0000
Caterpillar's (CAT) third-quarter 2020 results are likely to reflect the impact of lower backlog and reduced capital spending at customers end.
Caterpillar Inc. Announces Officer Retirements and Changes to its Executive Office
Tue, 20 Oct 2020 20:30:00 +0000
Caterpillar Inc. (NYSE: CAT) announced today changes to its Executive Office with the retirements of Group Presidents William (Billy) P. Ainsworth and Ramin Younessi at year-end 2020, and appointments of Joseph (Joe) E. Creed and Anthony (Tony) D. Fassino, effective January 1, 2021.
Caterpillar Target Up on Infrastructure Stimulus Potential
Tue, 20 Oct 2020 18:10:00 +0000
UBS analyst Steven Fisher lifted his price target on construction-equipment maker Caterpillar to $180 from $130, affirming a neutral rating.
Also on Market Tamer…
Follow Us on Facebook