(Finance) – Aggressive screwing for Caterpillarwhich trades at a loss of 5.53% on previous values after the manufacturer of agricultural and construction equipment warned that margins in the current quarter could be affected by the increase in production costs.
Caterpillar closed the fourth quarter of 2021 with revenues up by 23% at $ 13.8 billion and above analysts’ expectations of $ 13.15 billion.
The technical scenario seen at one week of the stock compared to the index Dow Joneshighlights a slowdown in the trend of giant of construction equipment compared toAmerican indexand this makes the stock a potential target for sale by investors.
The medium-term implications of Caterpillar confirm the presence of an uptrend. However, the short-term scenario highlights a depletion of positive strength at the resistance test identified at USD 206.1 with first support seen at 196.8. Expectations are for a negative extension in the suitably short time frame towards 193.1.