27.05.2015 - Caterpillar is trying to continue growing

Caterpillar's stock price could not overcome the important resistance level at 89.20 and corrected to the lower boundary of the rising channel. Its penetration and fixation below the level of 87.00 will be the basis for opening short positions with a stop above 89.30 and objectives at 82.00 and 79.00. For the continuation of rise with the objectives at 96,00 and 100,00, quotations need to overcome the level of 89,20. We expect continued growth in the near future.

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