Caterpillar
CAT
Delayed Nyse - 06/15 10:01:31 pm
150.02USD
-2.04%

The technical configuration is positive

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Floriane Rousseaux
Junior Analyst

Strategy published on : 06/08/2018 | 17:48

long trade
Stop-loss triggered

Entry price : 155.17$
Target : 165$
Stop-loss : 149.9$
Potential : 6.33%

Shares in Caterpillar show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the $ 165.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The group's high margin levels account for strong profits.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the past twelve months, EPS forecast has been revised upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The stock is in a well-established, long-term rising trend above the technical support level at 136.13 USD


Weaknesses

● The group shows a rather high level of debt in proportion to its EBITDA.

● The company's earnings releases usually do not meet expectations.

Zonebourse.com 2018
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