CaterpillarUpdated Cat long or short
Cat is another i have been watching trading around its 52 week high view was bullish with targets above $100 but we have seen some negative volumes with on going investigations into accounting issues which has seen us pullback below its 50, 100 and 200 dma's also cat has announced its closure of its Aurora plant in Illinois which could cost 800 jobs so will see how the market responds to that.
With some negatives and positives i have two points of interest
long above its dma's from 96 target around 106
short below support 89 target around 80
With some negatives and positives i have two points of interest
long above its dma's from 96 target around 106
short below support 89 target around 80
Note
long is looking goodTrade active
i am long catTrade closed manually
bang back in business i will take that closed halfTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.