How the (CAT) price action is used to our Advantage
May 17, 2024, 19:26 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CAT
- Buy CAT slightly over 348.57 target 378.75 stop loss @ 347.56 Details
The technical summary data tells us to buy CAT near 348.57 with an upside target of 378.75. This data also tells us to set a stop loss @ 347.56 to protect against excessive loss in case the stock begins to move against the trade. 348.57 is the first level of support below 356.27 , and by rule, any test of support is a buy signal. In this case, support 348.57 is being tested, a buy signal would exist.
- Short CAT slightly under 378.75, target 348.57, stop loss @ 379.84 Details
The technical summary data is suggesting a short of CAT as it gets near 378.75 with a downside target of 348.57. We should have a stop loss in place at 379.84though. 378.75 is the first level of resistance above 356.27, and by rule, any test of resistance is a short signal. In this case, if resistance 378.75 is being tested, a short signal would exist.
Swing Trading Plans for CAT
- Buy CAT slightly over 357.74, target 366.18, Stop Loss @ 356.71 Details
If 357.74 begins to break higher, the technical summary data tells us to buy CAT just slightly over 357.74, with an upside target of 366.18. The data also tells us to set a stop loss @ 356.71 in case the stock turns against the trade. 357.74 is the first level of resistance above 356.27, and by rule, any break above resistance is a buy signal. In this case, 357.74, 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 357.74, target 348.57, Stop Loss @ 358.77. Details
The technical summary data is suggesting a short of CAT if it tests 357.74 with a downside target of 348.57. We should have a stop loss in place at 358.77 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, 357.74, 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 357.74, target 358.69, Stop Loss @ 356.91 Details
If 357.74 begins to break higher, the technical summary data tells us to buy CAT just slightly over 357.74, with an upside target of 358.69. The data also tells us to set a stop loss @ 356.91 in case the stock turns against the trade. 357.74 is the first level of resistance above 356.27, and by rule, any break above resistance is a buy signal. In this case, 357.74, 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 357.74, target 352.81, Stop Loss @ 358.57. Details
The technical summary data is suggesting a short of CAT if it tests 357.74 with a downside target of 352.81. We should have a stop loss in place at 358.57 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, 357.74, 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 May 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
318.99 |
| P2 |
352.81 |
357.74 |
348.57 |
| P3 |
358.69 |
366.18 |
378.75 |
AI Generated Signals for CAT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Caterpillar Inc. (NYSE: CAT) data table below can help you with price action, and we have more details too. Trading plans for CAT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CAT:
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