CAT

Cup and Handle pattern and trend line support with a resistance area of 140-141. The resistance was tested a few times and rejected but CAT is remaining well pithing the support. Earnings are coming up this week ( Fri . Jul 31), however the overall market seems to be staying flat during this big earnings week, and this may suppress a possible ER run-up. Very mixed signals as the 20SMA crossed above the 200SMA, but showing a decline in the ATR, which may indicate a false move. Regardless of earnings , still look for any breaks of the support or resistance for a move up or down.