When (CAT) Moves Investors should Listen

August 31, 2024, 18:00 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CAT

• Buy CAT slightly over 329.75 target 362.41 stop loss @ 328.8 Details

The technical summary data tells us to buy CAT near 329.75 with an upside target of 362.41. This data also tells us to set a stop loss @ 328.8 to protect against excessive loss in case the stock begins to move against the trade. 329.75 is the first level of support below 356.1 , and by rule, any test of support is a buy signal. In this case, support 329.75 would be being tested, so a buy signal would exist.

• Short CAT slightly under 362.41, target 329.75, stop loss @ 363.46 Details

The technical summary data is suggesting a short of CAT as it gets near 362.41 with a downside target of 329.75. We should have a stop loss in place at 363.46though. 362.41 is the first level of resistance above 356.1, and by rule, any test of resistance is a short signal. In this case, if resistance 362.41 is being tested, so a short signal would exist.

Swing Trading Plans for CAT

• Buy CAT slightly over 362.41, target 395.64, Stop Loss @ 361.36 Details

If 362.41 begins to break higher, the technical summary data tells us to buy CAT just slightly over 362.41, with an upside target of 395.64. The data also tells us to set a stop loss @ 361.36 in case the stock turns against the trade. 362.41 is the first level of resistance above 356.1, and by rule, any break above resistance is a buy signal. In this case, 362.41, 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 362.41, target 355.9, Stop Loss @ 363.46. Details

The technical summary data is suggesting a short of CAT if it tests 362.41 with a downside target of 355.9. We should have a stop loss in place at 363.46 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, 362.41, 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 362.41, target 395.64, Stop Loss @ 361.56 Details

If 362.41 begins to break higher, the technical summary data tells us to buy CAT just slightly over 362.41, with an upside target of 395.64. The data also tells us to set a stop loss @ 361.56 in case the stock turns against the trade. 362.41 is the first level of resistance above 356.1, and by rule, any break above resistance is a buy signal. In this case, 362.41, 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 362.41, target 355.9, Stop Loss @ 363.26. Details

The technical summary data is suggesting a short of CAT if it tests 362.41 with a downside target of 355.9. We should have a stop loss in place at 363.26 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, 362.41, 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 August 31:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	329.75
P2	350.26	349.34	362.41
P3	354.72	355.9	395.64

AI Generated Signals for CAT

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