17.02.2015 - Caterpillar is trying to change the trend to positive

Caterpillar's stock price corrected up and reached an important level of 85.00. At the moment, quotations are trying to gain a foothold outside the local descending channel. In case of success and fixing above 88.00, we expect the growth of quotations to 90.00 and 100.50. Price decline is limited by the level of 79.00. In case of breaking the mark, we expect a continuation of the downward movement with the first targets at 76.00 and 72.50. Our medium-term outlook for the stock is negative and we recommend holding short positions.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.