Caterpillar Climbs Higher on Earnings

Filed under: Earnings Reports, Caterpillar (CAT)

Caterpillar, Inc. (CAT) is trading higher this afternoon. As I write this, shares are up over $3, or 4.6%. Not bad at all for a company like this one. Volume is quite convincing, too.

The heavy-equipment maker is very close to its 52-week high of $72.83, a level that was hit today. The one-year chart is encouraging to both investors and traders alike. The stock has pulled far away from the 52-week low, and judging by the current price action I'm seeing, it seems that the uptrend could certainly continue.

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Caterpillar Climbs Higher on Earnings originally appeared on BloggingStocks on Mon, 26 Apr 2010 17:20:00 EST. Please see our terms for use of feeds.

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