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TMCNet:  Upgrade Alert for Caterpillar (CAT)

[January 18, 2013]

Upgrade Alert for Caterpillar (CAT)

Jan 18, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Caterpillar (NYSE:CAT) was upgraded from Neutral to Overweight at Piper Jaffray today. The stock closed yesterday at $95.70 on volume of 4.8 million shares, below average daily volume of 5.8 million. Over the past year, Caterpillar has traded in a range of $78.25 to $116.95 and closed yesterday at $95.70, 22% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.8%.

There is potential upside of 7.9% for shares of Caterpillar based on a current price of $95.70 and an average consensus analyst price target of $103.21. Caterpillar shares have support at the 200-day moving average (MA) of $89.24 and additional support at the 50-day MA of $88.14.

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 is tracking the current trend status for Caterpillar and will alert subscribers who have CAT in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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