Caterpillars stock price (CAT) inched lower in latest intraday trading as the price tries to gather momentum to rise anew, with ongoing positive pressure due to trading above the 50-day SMA, coupled with the dominance of the upward correctional trend in the short term, and with positive signals from the Stochastic.

Therefore we expect the price to rise and target the first resistance at $380.80, as long as the support of $355.30 holds on.

Todays price forecast: Bullish