Caterpillar (CAT) Trades Above 200-Day SMA: How to Play the Stock?
Caterpillar(CAT) ZACKS·2024-07-09 22:50
Caterpillar (CAT) has consistently traded above its 200-day simple moving average (SMA) so far this year, indicating robust upward momentum. This reflects the company’s solid financial performance, steady return to shareholders, and confidence in CAT’s financial health and prospects.CAT Trades Above 200-Day SMA Image Source: Zacks Investment Research Caterpillar shares have gained 32.2% in the past year, outperforming the industry’s 28.4%. It has also outpaced the broader Zacks Industrial Products sector’s ...