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CATERPILLAR INC
(CAT-NYSE):
Technical Viewpoint: From a low
of $58.06 on Jul 1, 2010 prices
rallied, reaching a
high of $72.22
on Aug 5, 2010. A
decline saw prices pull back, reaching a
low of
$63.34 on Aug 25, 2010.
Another rally saw prices penetrate
resistance, closing 9/17/10
at $73.18. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 9, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $70.80. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 1, 2010. A P&F upside
reversal takes place at $70.00. Summary: Technical indicators have turned bullish. BUY! CATERPILLAR INC
(CAT-NYSE) @ $73.38 Stop: Use a protective stop of $70.88.
CATERPILLAR INC is currently trading @ $73.18 plus $1.18 on Sep 17, 2010. Price Objective:
$87.50. Risk/Reward: $2.50 VS. $14.12. 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:
$87.50
Risk/Reward:
$2.50 VS. $14.12
Risk/Reward Ratio:
6:1
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