Stock price support and resistance

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Stock Of The Day: Is Caterpillar About To Rally?
Benzinga· 2025-08-08 15:32
Caterpillar Inc. CAT is rebounding on Friday. The stock was down almost 2.5% yesterday after the company posted a disappointing earnings report.There is a good chance this rebound will continue. This is why Caterpillar is the Stock of the Day.As you can see on the chart, the shares rallied after finding support around the $349 level in January.There was support at this price for a reason. It was a resistance level in July and September 2024, and resistance can turn into support. It is a common occurrence in ...