Learn to Evaluate (CAT) using the Charts

July 28, 2024, 10:48 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CAT

• Buy CAT slightly over 324.36 target 356.03 stop loss @ 323.42 Details

The technical summary data tells us to buy CAT near 324.36 with an upside target of 356.03. This data also tells us to set a stop loss @ 323.42 to protect against excessive loss in case the stock begins to move against the trade. 324.36 is the first level of support below 350.48 , and by rule, any test of support is a buy signal. In this case, support 324.36 would be being tested, so a buy signal would exist.

• Short CAT slightly under 356.03, target 324.36, stop loss @ 357.06 Details

The technical summary data is suggesting a short of CAT as it gets near 356.03 with a downside target of 324.36. We should have a stop loss in place at 357.06though. 356.03 is the first level of resistance above 350.48, and by rule, any test of resistance is a short signal. In this case, if resistance 356.03 is being tested, so a short signal would exist.

Swing Trading Plans for CAT

• Buy CAT slightly over 356.03, target 358.66, Stop Loss @ 355 Details

If 356.03 begins to break higher, the technical summary data tells us to buy CAT just slightly over 356.03, with an upside target of 358.66. The data also tells us to set a stop loss @ 355 in case the stock turns against the trade. 356.03 is the first level of resistance above 350.48, and by rule, any break above resistance is a buy signal. In this case, 356.03, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CAT slightly near 356.03, target 339.7, Stop Loss @ 357.06. Details

The technical summary data is suggesting a short of CAT if it tests 356.03 with a downside target of 339.7. We should have a stop loss in place at 357.06 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 356.03, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CAT

• Buy CAT slightly over 351.08, target 356.03, Stop Loss @ 350.26 Details

If 351.08 begins to break higher, the technical summary data tells us to buy CAT just slightly over 351.08, with an upside target of 356.03. The data also tells us to set a stop loss @ 350.26 in case the stock turns against the trade. 351.08 is the first level of resistance above 350.48, and by rule, any break above resistance is a buy signal. In this case, 351.08, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CAT slightly near 351.08, target 342.74, Stop Loss @ 351.9. Details

The technical summary data is suggesting a short of CAT if it tests 351.08 with a downside target of 342.74. We should have a stop loss in place at 351.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 351.08, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Caterpillar Inc. (CAT) available here: CAT.

CAT Ratings for July 28:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	324.36
P2	342.74	339.7	356.03
P3	351.08	358.66	388.91

AI Generated Signals for CAT

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Caterpillar Inc. (NYSE: CAT) report below can help you understand how to do this. The trading plans for CAT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.