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Reallifetrading
Jul 23, 2015 9:39 PM

CAT looks very bearish Short

Caterpillar, Inc.NYSE

Description

This trade could metamorphosis into a nice move. CAT appears to be breaking a VERY strong support after earnings with great volume. This is a retest gap on a very strong support, let's play the retest if/when it comes.
Limit sell 77.72, stop 80.24 could do it with puts (oct/nov) or shares.
Comments
Daniel.B
Was looking at this setup today also! Looks like it'll be a good trade to take!
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