View the full cat chart at Wikinvest

Cat Stock Blog

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


Today’s close: Down 3.48%

Caterpillar set a dreaded 52-week low today as dismal news on durable goods, new home sales and unemployment blistered the bulls. Full quote at Yahoo Finance.

Broader markets took the news about as expected: Dow, down 2.7%; Nasdaq, down 3.24%; S&P 500, down, 3.31%. Today’s wrap-up at Market Watch.

Cat’s volume of 14.4 million shares was notch above normal, but not really enough to tell us much. Selling inched the support level down but did not blast through it, which seems at least borderline positive. Still waiting for that Obama bounce everybody promised.

no comments | Permalink | Tags:
Tom Mangan posted at 1:19 pm January 29th, 2009 |

Leave a Reply