Caterpillar Shows 14% Upside Potential
Caterpillar (CAT) stocks have declined by 18% to $329 over the past four months but demonstrated resilience in March despite the S&P 500 dropping by 5.8%. The stock remained mostly neutral throughout the month, suggesting growing upside potential as it bounces off uptrend support.
Buying in the $325–$335 range appears attractive, with a target of $370–$380, aligning with the middle of the ascending channel—an expected 13.9% gain. A stop-loss could be placed at $285 to manage risk.
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