Monday, June 10, 2013

CAT swing

I like CAT and prefer to buy it close to 80. There is a lot of support in that area, anywhere close to 79-82 is a buy. The negative on this stock is that it went above 200 day moving avg, and then went down again, making a lower low. On weekly chart as well, it shows weakness.
But 80 has a lot of support and can be played on the bounce.