CATERPILLAR INC
(CAT-NYSE):
Technical Viewpoint: From a low
of $57.61 on Jul 15, 2003 prices
rallied, reaching a
high of $65.86
on Jul 18, 2003. A
decline saw prices pull back, reaching a
low of
$62.80 on Jul 25, 2003.
Another rally saw prices penetrate
resistance, closing 7/30/03
at $66.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 3, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.80. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 28, 2003. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! CATERPILLAR INC
(CAT-NYSE) @ $66.75 Stop: Use a protective stop of $64.13.
CATERPILLAR INC is currently trading @ $66.45 plus $1.10 on Jul 30, 2003. Price Objective:
$79.00. Risk/Reward: $2.63 VS. $12.25. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79.00
Risk/Reward:
$2.63 VS. $12.25
Risk/Reward Ratio:
5:1
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