Caterpillar (CAT) Holding Strong

June 20th, 2011 | Filed under: Stock Recommendations,

Caterpillar is one of those stocks that does great during an economic recovery, so no surpse that the stocks has been hurting over the last couple of months. Is the tide changing for the stock to start swinging back higher?

The latest chart shows that the 200-day moving average has held with positive movement higher. Taking a position here will put our stop loss at $95. Target of $104.