American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Caterpillar tries to correct upward trend - Analysis - 25-01-2021

Economies.com
2021-01-25 12:18PM UTC
Caterpillar's stock fell 0.13% in the last session while trying to correct the main upward medium-term trend, with positive support from the 50-day SMA, as the RSI reached oversold levels. 
 
Therefore we expect the stock to return higher, targeting the resistance of 206.00, provided the support of 183.50 holds on. 
Expected trend for today: Bullish 

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