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Tale of the Tape

Zacks Equity Research

Can Caterpillar Inc. (CAT) Continue to Rise?
October 23, 2013


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Investors have definitely seen some solid trading in Caterpillar Inc. (CAT - Analyst Report) lately, leading to gains for some. However, CAT is now in overbought territory thanks to its latest move, as the firm has an RSI value of 74.12. Additionally, Caterpillar Inc. currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.