Caterpillar: Above the 200 Day Moving Average (NYSE:CAT) (NYSE:EEM)

by Josh Caterpillar Inc. ($CAT) is crossing above the 200 day moving average today. This is a bullish development, the 200 day is a well respected longer term resistance line. A confirming bounce off the the 200 day will further confirm today’s move above the key resistance level.

We last looked at CAT as the coil (symmetrical triangle) was nearing a resolution ( https://articles.stockmarketmentor.com/2013/08/caterpillar-this-cat-wants-to-play-nysecat/ ). It would appear that a resolution to that consolidation pattern is underway, with Caterpillar ($CAT) breaking to the upside. Also boding well for CAT is the Emerging Market ETF (EEM) that’s been breaking to the upside as well ( http://articles.stockmarketmentor.com/2013/09/gapping-above-resistance-emerging-market-etf-nyseeem/ )

52 Week Range $79.49-$99.70 Market Cap 56,847,650,669 Average Volume 5,926,035 Dividend Yield 2.76% Institutional Ownership 65.70% Insider Ownership: 0.50% Percentage of Float Short 4.80% Beta 1.91

Caterpillar Inc. 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.

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