Caterpillar (CAT) Offering Possible 36.24% Return Over the Next 6 Calendar Days

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Caterpillar’s most recent trend suggests a bullish bias. One trading opportunity on Caterpillar is a Bull Put Spread using a strike $205.00 short put and a strike $200.00 long put offers a potential 36.24% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $205.00 by expiration. The full premium credit of $1.33 would be kept by the premium seller. The risk of $3.67 would be incurred if the stock dropped below the $200.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Caterpillar is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Caterpillar is bullish.

The RSI indicator is at 59.27 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Caterpillar

Caterpillar (CAT), Newmont Partner to Attain Zero Emissions Mining
Thu, 11 Nov 2021 15:45:03 +0000
Caterpillar (CAT) and Newmont teams up to develop and implement an all-electric, zero emissions autonomous mining system to address climate change.

3 Big Winners as House Passes $1.2T US Infrastructure Bill
Thu, 11 Nov 2021 13:25:01 +0000
Caterpillar (CAT), Nucor (NUE) & Vulcan Materials (VMC) are poised to gain immensely from Biden’s $1.2-trillion infrastructure bill that was passed by the House of Representatives on Nov 5.

Caterpillar Catches a Bid From the Infrastructure Bill and Looks to Plow Higher
Tue, 09 Nov 2021 07:38:00 +0000
Caterpillar Inc. has rallied recently and it looks like the gains can continue. In this daily bar chart of CAT, below, we can see that prices have rallied to the 200-day moving average line and I would expect a close above the line as soon as here on Tuesday. The trading volume has remained active in recent weeks and the On-Balance-Volume (OBV) line has bottomed out and is close to breaking the downtrend from June; this tells us that the period of time when sellers were more aggressive is behind us.

Caterpillar, Vulcan Stocks Surge As Infrastructure Bill Heads to Biden’s Desk
Tue, 09 Nov 2021 03:00:12 +0000
The bipartisan passage of the $1.2 trillion infrastructure package in the House of Representatives this weekend sent one of Joe Biden’s key…

Caterpillar Leads Dow Jones Up 116 Points on $1 Trillion Infrastructure Deal
Mon, 08 Nov 2021 23:06:00 +0000
Congress finally passed a bipartisan infrastructure spending bill that investors expect will boost spending for Caterpillar’s equipment.

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