Industrials
Chart of the Day: Caterpillar Could Be Holding an Uptrend

Chart of the Day: Caterpillar Could Be Holding an Uptrend

Caterpillar broke out to new highs a month ago, and now some traders may think an uptrend is in place. The first pattern on today’s chart is the close on January 25. It was slightly above ... For more, please click here to view the related idea and chart analysis...

Technical Analysis: Can Caterpillar Hold Its Gains?

Technical Analysis: Can Caterpillar Hold Its Gains?

Caterpillar has been leading a rally in industrial stocks, but now some traders may expect a pullback. Notice the gap to new record levels on August 1 after earnings beat estimates. CAT pushed to another high the following session but ... For more,...

Call Volume Spikes in Nikola Before Shareholder Vote

Call Volume Spikes in Nikola Before Shareholder Vote

After a big slide, one big options trader is looking for a rebound in Nikola. Large blocks of calls changed hands yesterday in the electric-truck developer. A block of 40,000 July 5.50 calls were bought for $0.22. The investor sold a matching number of July 6.50 calls...

Options Alert: Is this Airline Headed to a New 52-Week Low?

Options Alert: Is this Airline Headed to a New 52-Week Low?

American Airlines has been losing altitude for the last two months, and now an options trader is looking for new 52-week lows. Check out this transaction in the carrier yesterday afternoon: A block of 9,947 July 13.50 puts was purchased for $0.64.An equal number of...

Options Traders Are Hedging After FedEx’s Historic Move

Options Traders Are Hedging After FedEx’s Historic Move

Big things are happening at FedEx, and one options trader is hedging against a small pullback. A block of 1,280 June 235 puts were purchased yesterday in the delivery company for $3.99. A matching number of June 225 puts were sold at the same time for $1.25, resulting...

Bearish Patterns Appear in this Industrial Giant

Bearish Patterns Appear in this Industrial Giant

Caterpillar was a top pick among investors for the rebound last year. But now the chart is showing several bearish patterns. First is the string of lower highs over the last five weeks. CAT held support around $200 during that time, resulting in a potential descending...