Caterpillar Inc., ( NYSE:CAT ) has emerged as a powerhouse, reporting a remarkable double-digit increase in operating profit that surpassed Wall Street expectations. The surge is attributed to robust demand for mining equipment and large construction machinery, fueled by a rebound in the U.S. residential real estate market. This article delves into the factors...
The Caterpillar seems Bullish. It seems reasonable to buy the dip
NYSE:CAT Caterpillar, Inc Stock - NYSE (USA) Profit:Risk = 1.6:1 --- Sell = $141.65 Take Profit = $139.35 Stop Loss = $143.19 ------ Take Profit = +1.62% Stop Loss = -1.09%
The normalised chart of Copper (white) vs CAT (orange) would indicate a CAT short is a reasonable equity trade here...