Some heavy lifting for the CNBC Stock of the Day — CAT
Everything’s looking up this morning for heavy equipment maker Caterpillar Corp., — topline, bottom line and outlook — so a big pop on the earnings announcement is to be expected.
This company seens to track the major averages almost exactly, so what you see in the market as a whole is what to expect at CAT. Probably too late to get in now, but if you’ve owned this one and have been riding it up, the 20-day moving average (thin purple line) would make a sensible point to set a trailing-stop.
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