CAT trade ideas
CAT - DAY TRADEHi, today we are going to talk about CAT
We observe a 15M AND D1, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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$CAT Expectation low for Caterpillar.Is tomorrow the day that CAT can stop the trend of disappointing earnings? given the recent price action it seems that investors are betting on o beat or a not as bad as expected report tomorrow.
Risky to trade on earnings at any time but particularly in a market so sensitive to trade related tweets and commentary.
P/E ratio 12.45 very reasonable
Company profile
Caterpillar, Inc. engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other. The Construction Industries segment supports customers using machinery in infrastructure and building construction applications. The Resource Industries segment is responsible for supporting customers using machinery in mining and quarrying applications and it includes business strategy, product design, product management and development, manufacturing, marketing and sales and product support. The Energy and Transportation segment supports customers in oil and gas, power generation, marine, rail, and industrial applications. The Financial Products segment offers a range of financing alternatives to customers and dealers for Caterpillar machinery and engines, solar gas turbines, as well as other equipment and marine vessels. The All Other segments include activities such as; the business strategy, product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, engaging tools, and fluid transfers. The company was founded on April 15, 1925 and is headquartered in Deerfield, IL
Bearish play for CATFirst off. Risk management. Stop set above green line in case upward momentum continues. For now, price action broke upward trend arrow and may be heading downward. In fact, everything about this stock has been trending downward. On a larger time scale, price action is on a solid downtrend and has reached the half way point of this downtrend. This would add validity to any downward trade made on this stock at a shorter time frame. The trade I am looking for to happen is a break catch of the breakout of the bearish flag. MACD remains bearish and RSI shown downward momentum trend in tact and showing no signs of conflicting data.