Caterpillar: This cat wants to play (NYSE:CAT)

by Josh With the broader market selling off to test the 50 day moving average, Caterpillar Inc. ($CAT) bucked the trend to close at $85.86 up .04 (+.05%). Initially shares opened lower at $84.96, but then caught a bid and traded up to close the price gap from yesterday’s close.

Shares are in a technical pattern known as coil and will be watched closely by technicians for the pending resolution of the pattern.

Volume was slightly lighter than average today.

52 Week Range $79.49-$99.70 Market Cap 55,604,229,738 Average Volume 6,277,225 Dividend Yield 2.80% Institutional Ownership 66.50% Insider Ownership: 0.50% Percentage of Float Short 3.70% Beta 1.91

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. It also provides financial services through its subsidiaries.

Articles