Monday, March 23, 2009

Caterpillar Signals Long Entry

Caterpillar (CAT) signals a Long Entry after closing above it's 20 day price channel to the upside. Entry at 29.63 with an initial stop limit at $25.73 and pyramid price at $31.58. May 30 Calls priced at 2.30 by 2.33

Trade at your own risk with proper position sizing and risk management measures.

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