Current Trend (W): Down
Abv/Below Value Zone: Below
Next Scheduled Report Date: 23 July 2015
52 Week High: $111.46
52 Week Low: $78.19
Current Relevant Resistance: $90
Current Relevant Support: $78
Recent Close: $88.43
Comment: Caterpillar is one of the few Dow stocks in a weekly downtrend. It bounced off long term support in the $78 area and has made it’s way up to resistance/the value area up around $90. I don’t have to watch this stock very closely as I don’t suggest you short individual stocks and this name is clearly in a downtrend. It won’t enter the realm of possibility on the long side unless it can reach and sustain the $94.00 area.
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