Caterpillar (CAT) is the Stock of the Day Wednesday at Real Money. The manufacturer of construction and mining equipment released their Q3 numbers Wednesday morning, and according to media reports they lowered their full-year profit outlook to a range of $10.59 to $11.09 per share, compared to the previous outlook which was at the low end of the $11.75 to $12.75 range. The revised guidance now assumes modestly lower sales in 2019.
We looked at CAT last week and concluded that, "CAT is looking better so patient investors could go long CAT at current levels risking a close below $120 for now. $177 is our upside price target." Let's check out the charts and indicators of this company again.