Option Millionaires

[uranium-pinto-beans]

$CAT --->>>

Caterpillar technical comments ahead of earnings
The shares have been trading within a relatively narrow range since November of last year. That range is defined largely by a low at $92 and a high at $99. Ahead of earnings, the shares are trading above the midpoint of the range. If the news is more bullish than expected, a move to the top of the range from current price would be highly probable. On a breakout above the top of the range, which would be bullish for future price, the following resistance levels could become upside objectives: the $100 area, $103.22, $105.83, and $109.73. If the news is a negative surprise, the bottom of the range at $92 would likely be tested. If there is a break below the low of the range, which would be bearish for future price, the following support levels could become downside objectives: the $90 area, $88.23, $87.65, and $84.86