Barker
Short

Time to sell/short CAT? Is CAT the ultimate cyclical stock?

BATS:CAT   CATERPILLAR INC DEL
689 5 1
www.stocksetups.com
MikeFunktastic
3 years ago
interesting. would you care to explain your price target?
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Barker MikeFunktastic
3 years ago
This is not a trade that I'll be in. Just an observation.

However, my target would depend greatly on how much of a pullback we get market wide this summer.

A modest pullback to S&P 1580 would likely pull CAT down to 76.

A move severe pull back to S&P 1460 would likely bring CAT down towards 68.
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timwest PRO
3 years ago
The overlay with SPY will give you a very different perspective. It looks like CAT has been oversold and is beginning its catch up phase back to the market.
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Barker timwest
3 years ago
It was hard for me to find a reason to go short CAT. This chart was not reason enough. So I can fully understand the disagree.
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Barker
3 years ago
So far this has worked well. However CAT is now setup for a short term trade to the upside. link:
CAT is setup for a short term move higher but....
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