Caterpillar chart analysis

With a lot of rebuilding to do -cleaning up first-  (Japan, wars in the middle-east), and continuing economic expansion of China, India, the rise of energy prices, and hence more search for it Caterpillar should be the company profiting from this situation.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.

A look at the chart :

  • A very nice uptrend along the 50d MA
  • the 50d MA has proven to be a reliable support several times
  • the latest bounce is a nice moment to step in
  • use 105 as your stop loss level

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