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CATERPILLAR

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1CAT trade ideas

CAT classical "h-pattern"This construction mashinery company entered into strong uptrend since December 2013 after it broke up major consoldation resistance in the mid $80ish area. Now stock with the whole sector ($MTW, $TEX, $DD, $JOY) showing relative weaknes vs broad market. I use my 8 and 21 EMA to measure short term sentiment ant to make adjustments if i am positioned. It dropped its 8/21 EMA on 20th of May first time since mid March. And settling for a nice h-set-up which is classical pattern in technical analysis. Break down below $100.72 may attract more active, swing traders and I expect to see some follow through. Stop above previous swing high at $104.50 makes this trade attractive from R/R point of view. Target is $95 previous base support level, 200 EMA. All traders should manage this trade depend on their time-frame and strategy.
NYSE:CATShort
by andrew.berg
CAT Bullish WeeklyOn a weekly chart CAT is setting up nicely for a breakout move. It is in a tight consolidation range which Bill Williams refers to as the saddle point. I have highlighted the first bullish fractal. Will be setting my buy stop 2 ticks above that high. One could also put in a short entry on the fractal below the alligator. Either way this is a high probability setup. My stops would be just below the alligator (blue line) for a low risk entry or as Williams says taking your trade in the low rent district LOL. My first target would be 50% retrace from the high of the sell off..
NYSE:CATLong
by paulyberndt