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CATERPILLAR INC
(CAT-NYSE):
Technical Viewpoint: From a low
of $50.50 on May 29, 2003 prices
rallied, reaching a
high of $58.25
on Jun 17, 2003. A
decline saw prices pull back, reaching a
low of
$53.10 on Jul 1, 2003.
Another rally saw prices penetrate
resistance, closing 7/17/03
at $63.54. 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 $58.60. Resistance: Is at $63.94.
Point & Figure: Reversed to the upside on Jul 17, 2003. A P&F upside
reversal takes place at $60.75. Summary: Technical indicators have turned bullish. BUY! CATERPILLAR INC
(CAT-NYSE) @ $63.75 Stop: Use a protective stop of $61.25.
CATERPILLAR INC is currently trading @ $63.54 plus $4.90 on Jul 17, 2003. Price Objective:
$79.50. Risk/Reward: $2.50 VS. $15.75. 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:
$79.50
Risk/Reward:
$2.50 VS. $15.75
Risk/Reward Ratio:
6:1
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