CATERPILLAR
(CAT-NYSE):
Technical Viewpoint: From a low
of $79.70 on Nov 16, 2010 prices
rallied, reaching a
high of $94.89
on Dec 21, 2010. A
decline saw prices pull back, reaching a
low of
$92.37 on Jan 21, 2011.
Another rally saw prices penetrate
resistance, closing 2/14/11
at $103.26. Technicals: Demand Index (DI): A Buy Alert!
was given on Feb 2, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $100.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 26, 2011. A P&F upside
reversal takes place at $100.00. Summary: Technical indicators have turned bullish. BUY! CATERPILLAR
(CAT-NYSE) @ $103.75 Stop: Use a protective stop of $100.88.
CATERPILLAR is currently trading @ $103.26 plus $0.28 on Feb 14, 2011. Price Objective:
$112.00. Risk/Reward: $2.87 VS. $8.25. Today's Risk Reward Ratio: 3:1
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