Big movement expected on Caterpillar Inc. after a breach of 146.27

Caterpillar Inc. has broken through a line of 146.27 and suggests a possible movement to 144.96 within the next 9 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.