CAT Powers to $583.00 on Strong EMA Stack

Caterpillar Inc (CAT) closed down 0.13% at $583.00 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($582.85) with a bullish stack. The 21-day EMA at $582.42 provides support.
• Momentum: RSI at 54.5 is in neutral territory but trending higher. MACD is bearish (4.93 vs signal 8.13).
• Volatility: Bollinger Band width at 10.5% indicates normal volatility.

While the trend remains bullish, weakening MACD warrants caution for new entries at current levels.

Key levels to watch: Support at $557.42, Resistance at $618.99.