1/21/2017 – Caterpillar (CAT) & John Deere (DE)
So a CAT and a Deere were fighting in a field......who wins? Caterpillar (CAT) & John Deere (DE) are 2 possible companies to benefit from possible increases in infrastructure under the Trump administration.
This review will compare and contrast the stock charts between Caterpillar (CAT) & John Deere (DE). Since these stocks have a lot to do with infrastructure, let's review both sets of company charts and look for possible trade set-ups.
Is the CAT fast enough to catch the Deere? Or does the Deere have a trick or two up its sleeve? Let's find out!
Caterpillar (CAT) - 20 Year Chart
This first chart is a 20 year chart for Caterpillar (CAT) so I can get familiar with its past. Support and resistance lines can carry over for years and years, so always start big and then drill into the details.
Right now, Caterpillar's (CAT) share price sits in the middle of the $81 support and the $106 resistance area from the overhead trendline. At current share prices, it is not the best risk to reward set-up at its current share price. However if Caterpillar (CAT) were to pull back towards the $….
If you want to continue reading this article, which includes pullback price targets to watch for both Caterpillar (CAT) and John Deere (DE), then you must first login.
I use trendlines and Fibonacci tools in the rest of this update to calculate support areas for any pullbacks. These support areas are lower risk areas to jump into the trade.
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