Bucket 2: CAT Potential Long-Side Idea

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.

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