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anthonylarro

CAT Triangle Breakout

Long
Caterpillar (NYSE:CAT)  
anthonylarro Updated   
NYSE:CAT   Caterpillar
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
A lot of big names stocks that follow the SPY fairly close to 1:1 are making these patterns. CAT is one of them. If it can break the 50sma and the top rendline an entry around 162.50 looks good for the breakout.
Comment:
Setting up for a breakdown if it can close below 143 today.
Comment:
PT 200sma
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