Live CAT Bounce

By | September 24, 2014

24 cat chart

Caterpillar (CAT) is bouncing off the intersection of its 200 day moving average and a six month horizontal trend line, in the $100.00 area. The relative strength index and the money flow index, a volume-weighted relative strength measure, are in oversold zones and it looks like this bounce has some strong technical support.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.