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CAT trade ideas

Caterpillar’s Big Candle at the 50-day SMACaterpillar was the best performing member of the Dow Jones Industrial Average in the last year with a gain of more than 115 percent. It’s paused since mid-February and now the chart is showing renewed signs of life. First and foremost is the 50-day simple moving average (SMA). CAT bounced at that line several times, including late October and mid-January. The bears tried to break it in on April 29 but prices keep closing above it. That shows buyers are still active. In fact, Tuesday morning was one of those times as sellers drove the industrial giant back under $226. They retreated a few hours later, resulting in a large bullish outside candle. It was also the highest close in the past month. Those signals could bring new money off the sidelines. Finally, the recent range has been so tight that Bollinger Band Width has squeezed to its narrowest reading since August 2017. That moment, by the way, was followed by a breakout to new highs. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:CATLong
by TradeStation
1
CAT bear call spread CAT bear call spread CAT rally up into an 1h liquidity shelf 232-234 RBD origin supply zone. At the time, it looked good as I got the alert. Sold 237.50 calls with 240 bought. 3 DTE, 22% ROI Now that I look at it doing this write up, the Apr 29 opening candle was a liquidity spike search up at the open. I should've waited until above 234.70 and sold the 240 strike. I did my best to structure the trade behind all the March and April spike highs. So market must break the range and hold it up there to get me. Hopefully buyers run out of steam in the 233 range and sellers start to exert again to give me a push lower into Friday
NYSE:CATShort
by claypuzzle
CAT Price MovementBased on the chart, we see there is a support level of $227 and a resistance of $238. The Bollinger Band (45D) suggests that the price is about drop being that it is above the midline, pushing the upper band. Furthermore, Andrew’s Pitchfork is yet another confirmation of a falling price. Some other key indicators are the RSI, Stochastic Oscillator, and MACD, which are all signaling a sell off in the near term. Below are the numerical values for those. Also, look at the value. There is a depletion of customer sentiment and buying so the price will continue to drop to the support range. What I foresee happening is a price drop to around $225 to $227, which will require entry confirmation to maximize profits. Furthermore, I foresee the long-term value of this firm to be $284 based on both fundamental values, historical chart trends, and enterprise value. Keep an eye on their earning as well. Based on what they reported last earnings call, they were above 2.12 but had to make adjustments and it was standardized at 1.42, falling short but their price still surged. I foresee this happening again. They are expected at 1.94 but I believe it will be 2 based on what they are doing at the moment. Again, I see the price dropping to around $225 from most recent data then increasing to $245-250 (8.88% to 10%) but ultimately hitting $284 for long term investors. Here are the fundamental and technical data highlights: - Sector: Industrials - Industry: Machinery - Market Cap: $127.25B - Volume: 1.61M - Revenue Growth Rate (Avg): 11.5% - Net Income Growth Rate (Avg): 7% - Cash-On-Hand: $8.8B - 1-YR Returns: 115% - EV: $155M -> Puts (PT) price target at ~$284 – intrinsically) - ROE: ~22% - Altman Z-Score: 2.3 - Bollinger Band (30) in contraction with price accumulation - RSI: 62, minor sell signal - Oscillator: 66, slightly overbought, confirming sell-off soon - Andrew’s Pitchfork: Lower band broken - MACD: Sell off with decreased volume News around CAT: - Energy & transportation segment back online and fully operational according to February 10K Annual Report - Discontinued EIP shares repurchase plan 2nd half of 2020 but continued in 2021 Q1 - Brought in Gerald Johnson, Executive VP of Global Manufacturing of GM on March 1 – to target automotive production - Energy include oil and natural gas According to (EIA) U.S Energy Information Agency, WTI crude oil is at $63.46 per barrel, over doubled from last yr. Natural gas is at $2.658 MMBtu, over doubled from last year. Oil & natural gas inventories are down 11.2M barrels from a year earlier and 242 bcf from a year earlier. Current = 492M barrels and 1,845 Bcf. This means that demand is high and with continuation of operations and CAT being industry leader with a large volume of government contracts, they are going to see a large spike in revenue with major increases in overall stock value. Happy Investing!
NYSE:CAT
by calisailor209
$CAT Short-term swingCAT looks bullish again on the daily chart. Looks ready in the indicators as they've turned bullish yet again. Both the RSI and Stoch RSI had a crossover last week. We put in an inside day last week after being below the recent pullback's VWAP and reclaimed demand on the upside. Looking closely at price action to confirm a bullish trend to continue higher or to reverse below the highs' anchored VWAP. It is also looking like a short-term flag that could break out from.
NYSE:CATLong
by Modus777