Caterpillar Inc. has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 238.35 can be expected within the next 12 hours.
Resistance line breached by Caterpillar Inc.. This price has been tested at least twice before.
