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Where I see CAT $84.62 chart

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ESVA Member Profile ESVA Member Level 
Thursday, September 06, 2012 3:25:48 PM
Re: None Post # of 7321 
Where I see CAT $84.62 chart

These are the indicators I use for looking at charts. This is what I see on the chart:

The first thing I look for when doing scans is where the full sto is. I like them down in this area. Once I see it approaching the 20, I have it on my watch list. As you can see, the full sto is turning up now towards the 20. Once the full sto hits 20 and the other indicators are line up like they are now, I buy. The macd is improving and you can see the rsi turning up approaching the 50 buying zone. Yesterdays candle hit below support, but popped back up at closing. Today it has touched the 50ma. I think if it close above the 50ma today or tomorrow we have a go for next week with the trend. I would think by Monday the setup should be ready. I am looking at the Sep 21 $90 calls .17 x .19. Volume over 1,000 on the calls.


http://stockcharts.com/h-sc/ui?s=CAT&p=D&b=7&g=0&id=p56349831398

ESVA
John



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