Swing Trading Strategies & Stock Picks Since 2003

Stock Pick of the Day

Caterpillar Inc)

Closing Price: $53.53

RSI: 33.61

MACD: -1.81

Caterpillar Inc), the largest producer of bulldozers across the world, climbed by 5.5% by closing on Tuesday, after the stock was upgraded to “overweight” from “underweight” by Morgan Stanley. Morgan Stanley has raised its target price for Caterpillar Inc. (CAT) to $70 from $51, by a substantial 37.25%.

Caterpillar Inc. (CAT), which soared the highest on Tuesday amongst the Dow components, breached above its 200 day MA on Tuesday, is likely to face its next resistance at around $54.71, which is its 20 day MA.