Replies to post #15403 on OPTIONS TRADERS CO-OP

[jmbar2]

CAT got beat up pretty bad after earnings a few days ago. Before then, it had been trending up on the 100 day and 20 day charts.

It has broken out of the upper bollies this afternoon, and then moved past a 4 and 13 SMA cross.

Recent news: Management cleared out a lot of old stock at a discount, and may let some marginal dealers close. Some took this as a loss of confidence. To me, just good business.

I think it is going to slowly move back up into its old trading range. CAT owners are loyal believers in this stock.

R=
104.04
102.68

S=
97.66


What do you think? TIA