CAT: Moving on up!

[Messman]

After a dip to under $59 last week CAT is showing steady improvement. In just over 4 trading days Caterpillar has grown from under 59 to over 62. I took a small position on CAT when it dipped under 60 and I quickly sold after it hit 61 for some quick cash. But as I see it continue to rise, I wonder if I should jump back in. There could be room for a nice long-term gain here. Analyists predict that CAT should reach 65. But I wonder if it can't go higher. If housing turns around this year, I would think the world's largest manufacturer of construction equipment should see an even larger increase. Early last year(Jan-2006), CAT was trading at over $75 a share and that was in a "housing slump." If housing hits bottom, that spells nothing but good things for CAT. Does anyone else smell 70's for CAT? Thoughts?


Warren Buffet's 2 Rules of Investing:
1) Never lose money 2) Don't break rule 1

[Stocktrading101]

Warren Buffet's 2 Rules of Investing:
1) Never lose money 2) Don't break rule 1

I love this rulebook, gotta love Buffet.

After a dip to under $59 last week CAT is showing steady improvement. In just over 4 trading days Caterpillar has grown from under 59 to over 62.

I like this chart, nice call on picking up shares when you did. Looking ahead short term we should see resistance at around $63 $64. I would play the stock to here, or buy the stock on a heavy volume break of $64. Interesting to note though that the stock is now trading above the 50 DMA. Will be interesting to watching Caterpillar (CAT) over this week.

[StockJunkie]

Check it out, Caterpillar (CAT) broke the resistance and has had a impressive run. It is very apparent that the turning point for this stock was the gap up close to break $60 and the 50 DMA Blain.

CAT.png

[aquaswim47]

I personally like CAT due to its diversified lines of business and its great products. I like that it's both a domestic and international company. I'm disappointed by its 1.2 current ratio, but it's a well-run company so I'll let that slide.