Simple Trading Dow Component CAT – As of 15 May 2015 Close

CAT W As of 15 May 2015 Close

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.

Bias: Short


The Trader