A Bearish Sign Appears On Caterpillar's Chart
Portfolio Pulse from Benzinga Insights
A 'death cross' has formed on Caterpillar's (NYSE:CAT) chart, indicating a potential bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a possible change in the long-term trend.
May 22, 2023 | 2:57 pm
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Caterpillar's chart shows a 'death cross', indicating a potential bearish trend. Seasoned investors may consider short positions based on other factors.
The 'death cross' is a technical indicator that suggests a potential bearish trend for Caterpillar's stock. When the 50-day moving average moves below the 200-day moving average, it indicates a possible change in the long-term trend. Seasoned investors may use this signal to consider short positions based on other factors, such as price levels and company fundamentals.
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