Friday, January 01, 2010
Stock Pick of the Day - Caterpillar Inc.
By Larry Swing
Stock Pick of the Day
Caterpillar Inc. (NYSE:CAT)
Stock Price: $56.99
RSI: 50.47
MACD: 0.11
insert.a.chart.CAT
Caterpillar Inc. (CAT) has shown a reversal from higher level over the past three days. Caterpillar has already breached below its 20 day moving average on Thursday, when it shed 1.83%, and could confirm a bearish trend on chart, once it slips below its 50 day moving average of $56.86. One could short the stock below $56.75.
