The selling pressure from the recent earnings announcement is pounding Caterpillar Stock. The stock is under extreme selling pressure which is always the worst time to sell out but often among the best times to make some trades depending on your outlook for the stock and your comfort level. The stock chart to July 24 for Caterpillar Stock shows the results of poor earnings.
Caterpillar Stock Chart to July 24 2015
You can see in the chart below that Caterpillar stock easily broke the prior low of $78.25 on the poor earnings. The money flow indicator shows the extreme selling the stock is experiencing. As more sellers rush to dump their shares the buyers simply move lower. Sellers should consider waiting for a bounce in the stock which should happen I would think by next week.
Meanwhile I have two trades open in Caterpillar Stock. One is naked puts and the other a Super Charge Buy-Write Strategy trade that failed. I am working to keep both of these trades profitable in the sell-off. Members can review the latest trades and the work I am doing to keep both of the most recent trades profitable.
For FullyInformed USA Members, here are the latest Caterpillar Stock trades for 2015.
Caterpillar Stock – Trades For 2015 Update – July 24 2015
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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