we have discussed CAT continually in September and October and here it is again. the stock is at major crossroads with resistance at its 200 day moving average and the 61.8% retracement. The stock has decent respect for the 200 sma as support and resistance so this should be watched closely. A break above it on a daily basis may be buyable. It is also a good beta stock, meaning it tracks well with the s&p 500…its beta is 1.38….so if the S&P 500 move the stock should move even more, hopefully in the same direction.
