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Industrials | Stocks | Technical Analysis
Chart of the Day: Caterpillar Could Be Holding an Uptrend
David Russell
February 28, 2024

Caterpillar broke out to new highs a month ago, and now some traders may think an uptrend is in place.

The first pattern on today’s chart is the close on January 25. It was slightly above …

For more, please click here to view the related idea and chart analysis on TradingView.

Caterpillar (CAT), daily chart, with selected patterns and indicators, courtesy of TradingView.
Tags: CAT

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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