Caterpillar Inc. : Beats analysts estimates
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$81.43 | $0 | $78 | -100% |
At current price the share is trading 8.5 times full year EPS, and gives a good point of entry.
Graphically the share in the past months has suffered the economic slowdown. From its historic high in February, the share has lost more than 30%. The bearish trend would be finish at contact with mid-term support of USD 79.6.
Investors with long-term strategy may enter on the stock with buy order in order to aim a return on historic highs. A stop loss will be placed at USD 78.