W3Schools

Market Extra: Caterpillar bearish ‘death cross’ pattern ends longest bullish streak in decades

Caterpillar Inc.’s stock chart has produced a “death cross” on Tuesday, to snap the longest bullish trend-following streak in at least 46 years, as the list of bearish technical patterns that have appeared in the last month just got a little longer.

The machinery maker’s stock CAT, -1.86% rose 0.6% on Tuesday, erasing earlier losses of as much as 1.1%. However, the 50-day moving average declined to $147.78, to fall below the 200-day moving average, which ticked up to $147.88, according to FactSet. That ends a 566-session streak—since April 18, 2016—during which the 50-day moving average (MA) was above the 200-day moving average (MA).

>>> Original Source <<<

Comentários