BUY! CATERPILLAR (CAT) NYSE

  Report No. 2406    Analysis by: Harry Aloof     FEBRUARY 15, 2011

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$112.00 Risk/Reward:
$2.87 VS. $8.25 Risk/Reward Ratio:
3:1
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