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Cat Stock Blog

Caterpillar Inc. (NYSE:CAT) stock news and links


Today’s close: down .35%

Caterpillar started bad, rallied a tad, sank again and then bounced hard into the close to finish just a whisper from the green Thursday as the markets digested the possibilities of Obama’s Billions. Full quote at Yahoo Finance.

Indexes did much the same: Dow, down 0.09%; Nasdaq, up 0.73%; S&P 500, up 0.17%. Wrap-up at Market Watch.

Cat’s volume of 13.6 million shares was a bit above normal, but the chart pattern is encouraging: a day when the stock tanks at the open and struggles all day, then surges into the close often means a rally’s in the works. Most notably: Support held at $30, as it has several times already in the past couple weeks.

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Tom Mangan posted at 1:24 pm February 12th, 2009 |

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