Caterpillar's stock (CAT) declined in the intraday levels after Morgan Stanley downgraded the stock's target to $161 from $164, with the stock piercing the main upward medium-term trend line recently, with negative pressure from the 50-day SMA, marking a loss of 4.88% in the last session, or 9.16 points, and settling at 178.67, with trading volumes surpassing 6.6 million shares, above 10-day averages of 4 million shares.
Therefore we expect more losses for the stock, targeting the support of 150.55, provided it settles below 186.98.
Expected trend for today: Bearish