's Chart of the Day - Caterpillar
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 CAT - Caterpillar Inc
The Chart of the Day belongs to Caterpillar (CAT).  I found heavy machinery stock by using Barchart to sort today's 52 Week High list first by the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 11/22 the stock gained 20.30%.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for heavy and general construction, rental, quarry, aggregate, mining, waste, material handling, oil and gas, power generation, marine, rail, and industrial markets. Its Construction Industries segment offers backhoe, compact, track-type, small and medium wheel, knuckleboom, and skid steer loaders; small and medium track-type, and site prep tractors; mini, wheel, forestry, small, medium, and large track excavators; and motorgraders, pipelayers, telehandlers, cold planers, asphalt pavers, compactors, road reclaimers, wheel and track skidders and feller bunchers. The company's Resource Industries segment provides electric rope and hydraulic shovel, landfill and soil compactor, dragline, large wheel loader, machinery component, track and rotary drill, electronics and control system, work tool, hard rock vehicle and continuous mining system etc.



Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above ts 20, 50 and 100 day moving averages
  •  15 new highs and up 15.41% in the last month
  • Relative Strength Index 86.10%
  • Technical support level at 163.58
  • Recently traded at 166.03 with a 50 day moving average of 144.05

Fundamental factors:

  • Market Cap $96.35 billion
  • P/E 28.73
  • Dividend yield 1.96%
  • Revenue expected to grow 14.60% this year and another 8.60% next year
  • Earnings estimated to increase 88.90% this year, an additional 22.00% next year and continue to compound at an annual rate of 40.08% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 7 buy, 11 hold and 2 under perform recommendations on the stock