30.06.2016 - Quotes of Caterpillar rebounded upwards
Stock price of Caterpillar rebounded after a strong decline and at the moment is around the resistance level at 74.20. Overcoming this mark will cause further increase of quotations with the targets at 78,00 and 80,00. On the other hand, fixing below 74.20 and the resumption of growth will be a strong signal to sell with targets at 68.00 and 60.00. We forecast a drop in prices in the medium term, but do not rule out their increase in the near future.