Caterpillars stock price (CAT) rose in the intraday levels after managing to shake off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive signals from the RSI despite reaching overbought levels compared to the stocks movements, hindering upcoming gains.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $382.00, provided it settles above $355.00.

Trend forecast: Bullish