Caterpillar (CAT) Crawling Higher

19 November 2009 @ 11:57 am EDT

CAT has been in an uptrend before tailing down recently, and we are going to look for one more breakout of the stock. Buy for a breakout on a close above 61.25. Place stops at 58 with an ultimate target at 66. There is a mini cup and handle pattern to roughly measure the target, but stay tuned to the radio to see how we will treat CAT if it begins to break out....

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