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

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Today’s close: up .41%

A mild pingpong into the green today couldn’t disguise the scorecard of a nasty week: Caterpillar sank 8 percent from last Friday’s close (43.20) to today’s (39.55). Cat is now off more than 15 percent from its Jan. 2 high of 46.9. Full quote at Yahoo Finance.

The indexes also ground their way back into plus territory after a down day. Dow, up .84%; S&P500, up .76%; Nasdaq, up 1.16 % Today’s wrap at Market Watch.

Caterpillar’s volume drifted down to 12.8 million shares, closer to its 11.7-million share daily average. Chartists will want to check out the last couple days’ action, which both feature “hammer candles” that tend to foretell moves to the upside. Just a few more days till the Obama bounce.

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Tom Mangan posted at 1:26 pm January 16th, 2009 |

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