Caterpillar Is in an Uptrend, but Be Wary of a Broader Market Correction

I reviewed Caterpillar  (CAT)  back in March, concluding that, "CAT is likely to be vulnerable to headline shocks in the days and weeks ahead. Prices might erode further into the $90-$85 area but without a major top formation it is hard to envision much further downside."

In the following three months, we can now see that our analysis of Caterpillar Inc wasn't too bad. Prices were soft for the rest of March and did not break $90. In the chart, below, you can see that prices then turned up again in April with a gap to the upside in late April....316 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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