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18.2% Return Seen to Date on SmarTrend Caterpillar Call (CAT)
Jun 29, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Caterpillar (NYSE:CAT) on April 26th, 2012 at $103.78. In approximately 2 months, Caterpillar has returned 18.18% as of today's recent price of $84.91.
In the past 52 weeks, shares of Caterpillar have traded between a low of $67.54 and a high of $116.95 and are now at $84.81, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.1%.
Caterpillar Inc. designs, manufactures, and markets construction, mining, agricultural, and forestry machinery. The Company also manufactures engines and other related parts for its equipment, and offers financing and insurance. Caterpillar distributes its products through a worldwide organization of dealers.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Caterpillar.
Log in and add Caterpillar (CAT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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UPDATED 10:21 PM EST - Jun 19, 2013
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