Can Caterpillar Inc. (CAT) Continue to Rise? - Tale of the Tape

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Investors have definitely seen some solid trading in Caterpillar Inc. ( CAT ) lately, leading to gains for some. However, CAT is now in overbought territory thanks to its latest move, as the firm has an RSI value of 74.12. Additionally, Caterpillar Inc. currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

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