Cat has carried the burden of China dependency for some time now, that was until the CEO made a appearance on CNBC and discussed the services revenue which CAT is now generating worldwide. It has certainly made a difference to the stock performance even when the trade talks stalled. The chart technically is setting up quite bullish and may be in the process of forming a bull flag. The MA's and Bollinger bands are providing support and volume is dominant to the buy side. from the options activity data, investors are clearly making a post G20 summit play on the stock moving higher quiet fast, as Trump and XI kiss and make up, temporarily of course.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.