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Caterpillar Inc. (CAT) having downward bias below $57
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Posted on 11/04/09 at 6:03am by Mark Moneymaster
Caterpillar Inc. (NYSE: CAT) stock is facing strong resistance around $57-$58 levels.
Traders can short the Caterpillar Inc. (CAT) stock near the resistance levels of $57 and one can expect the stock to find some support near $50 levels.
Profit booking is being seen in the markets and traders can expected some downward bias in the Caterpillar Inc. (CAT) stock.
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