21.01.2015 - Caterpillar continues to lose capitalization

Caterpillar's stock price has updated the local minimum and continued to decline. The reason to save the current negative trend is the price fixing below 85.25. According to our estimates, shares fall will continue in the near future with the target at 81.00. To change the downward trend the price needs to gain a foothold above 88.70. We forecast a drop in prices to 80.00 in the near future and recommend to hold short positions.

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