Caterpillar (CAT) Offering Possible 14.88% Return Over the Next 28 Calendar Days

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Caterpillar’s most recent trend suggests a bearish bias. One trading opportunity on Caterpillar is a Bear Call Spread using a strike $250.00 short call and a strike $270.00 long call offers a potential 14.88% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $250.00 by expiration. The full premium credit of $2.59 would be kept by the premium seller. The risk of $17.41 would be incurred if the stock rose above the $270.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Caterpillar is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Caterpillar is bearish.

The RSI indicator is at 62.55 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Caterpillar

Earnings Estimates Moving Higher for Caterpillar (CAT): Time to Buy?
Wed, 19 May 2021 16:20:04 +0000
Caterpillar (CAT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Hold Strategy is Apt for Sonoco (SON) Stock Right Now
Wed, 19 May 2021 15:06:03 +0000
Sonoco’s (SON) focus on productivity improvement and cost-control actions as well as surging demand for the consumer packaging business makes it worth retaining in the portfolio right now.

Caterpillar CEO to Participate at Bernstein’s Virtual 37th Annual Conference on June 2; Webcast Available
Wed, 19 May 2021 13:42:00 +0000
Caterpillar Inc. (NYSE: CAT) Chief Executive Officer Jim Umpleby is expected to participate in a fireside chat and Q&A session with institutional investors at Bernstein’s Virtual 37th Annual Strategic Decisions Conference on Wednesday, June 2, 2021. Mr. Umpleby is scheduled to speak for 45 minutes, beginning at approximately 8 a.m. ET.

Here’s Why You Should Add Grainger (GWW) to Your Portfolio
Wed, 19 May 2021 12:31:12 +0000
Grainger (GWW) is worth adding to your portfolio, backed by the ongoing momentum in the United States, strong demand for certain products and e-commerce sales amid the pandemic.

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Tue, 18 May 2021 13:32:01 +0000
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