Off the Charts: Caterpillar (CAT)
Cramer has liked Caterpillar consistently and is still bullish, but is it because of fundamentals or the chart? a technician would note that the stock has done a reverse head and shoulders and is ready to climb up again; the ideal price is between $24 and $26. Cramer likes Caterpillar for one fundamental reason: it is done going down. The stock is not well-liked on the Street, but demand from China and a housing upturn might send the stock roaring back.
1 comment:
well a big booyah or however you spell it from the motor city:)
Post a Comment