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CATERPILLAR INC
(CAT-NYSE):
Technical Viewpoint: From a low
of $35.19 on Nov 13, 2000 prices
rallied, reaching a
high of $44 1/4
on Dec 5, 2000. A
decline saw prices pull back, reaching a
low of
$40 1/8 on Dec 18, 2000.
Another rally saw prices penetrate
resistance, closing 12/21/00
at $44 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 6, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $41.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 21, 2000. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! CATERPILLAR INC
(CAT-NYSE) @ $45 1/8 Stop: Use a protective stop of $42 1/2.
CATERPILLAR INC is currently trading @ $44 3/4 plus $1.69 on Dec 21, 2000. Price Objective:
$55.00. Risk/Reward: $2 5/8 VS. $9 7/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2 5/8 VS. $9 7/8
Risk/Reward Ratio:
4:1
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