Caterpillar (CAT) Offering Possible 28.37% Return Over the Next 28 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 $145.00 short put and a strike $135.00 long put offers a potential 28.37% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $2.21 would be kept by the premium seller. The risk of $7.79 would be incurred if the stock dropped below the $135.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Caterpillar is bearish and the probability of a decline 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 64.04 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Caterpillar

Caterpillar Announces Appointment of New Vice President
Wed, 16 Sep 2020 20:20:00 +0000
Caterpillar Inc. (NYSE: CAT) announced today its board of directors has appointed Marc Cameron a company vice president. Cameron will have responsibility for Caterpillar’s Resource Industries Sales, Services and Technology Division.

Caterpillar (CAT) Reverses After Weak August Sales
Wed, 16 Sep 2020 15:12:07 +0000
Caterpillar (CAT) stock sold off at a major resistance level after the company reported weaker-than-expected August sales.

Caterpillar’s August Retail Sales Down 20% on Weak Demand
Wed, 16 Sep 2020 13:25:01 +0000
Caterpillar’s (CAT) global retail sales have been in the negative territory for nine consecutive months owing to weak demand amid a coronavirus-induced crisis.

Why Caterpillar’s Stock Is Trading Lower Today
Tue, 15 Sep 2020 18:21:24 +0000
Caterpillar (NYSE: CAT) shares are trading lower on Tuesday after the company reported total rolling three-month machines retail sales for August were down 20%.Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world’s largest manufacturer of heavy equipment with approximately 13% of global market share in 2018. The company is divided into four reportable segments: construction industries, resource industries, energy & transportation, and Caterpillar Financial Services.Its products are available through a dealer network that covers the globe with 2,163 branches maintained by 168 dealers. Caterpillar Financial Services provides financing to its customers and dealers, generating approximately 9% of operating profit.Caterpillar shares were trading down 2.83% at $149.16 on Tuesday during the time of publication. The stock has a 52-week high of $155.48 and a 52-week low of $87.50.See more from Benzinga * Why Arbutus Stock Is Trading Higher Today * Why RR Donnelley’s Stock Is Trading Higher Today * Why Nano X Imaging Is Trading Lower Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Dow Jones Rises 100 Points; Caterpillar Stock Down on Sales Slump; Walmart Launches Subscription Service; Microsoft Rolls Out Mobile Cloud Gaming
Tue, 15 Sep 2020 18:09:00 +0000
Shares of Caterpillar (NYSE: CAT) failed to participate in the rally after the industrial giant reported bleak sales results for August. Meanwhile, Walmart (NYSE: WMT) stock headed higher after the retailer officially launched its new membership program, and Microsoft (NASDAQ: MSFT) stock rose after the tech giant rolled out cloud gaming as part of its Xbox Game Pass Ultimate service. Heavy machinery manufacturer Caterpillar is not seeing much of a sales recovery as the COVID-19 pandemic drags on.

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