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CATERPILLAR INC
(CAT-NYSE):
Technical Viewpoint: From a low
of $40 1/8 on Dec 26, 2000 prices
rallied, reaching a
high of $47 3/4
on Dec 5, 2000. A
decline saw prices pull back, reaching a
low of
$43.56 on Jan 3, 2001.
Another rally saw prices penetrate
resistance, closing 1/4/01
at $48.69. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Dec 22, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $44 1/4. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 4, 2001. A P&F upside
reversal takes place at $47 1/4. Summary: Technical indicators have turned bullish. BUY! CATERPILLAR INC
(CAT-NYSE) @ $49 3/4 Stop: Use a protective stop of $46 7/8.
CATERPILLAR INC is currently trading @ $48.69 plus $2.19 on Jan 4, 2001. Price Objective:
$66.00. Risk/Reward: $2 7/8 VS. $16 1/4. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66.00
Risk/Reward:
$2 7/8 VS. $16 1/4
Risk/Reward Ratio:
6:1
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