Caterpillar Inc. (NYSE:CAT) is well managed and it has a long way up to run, due its underperfomance in the last several months. Heavy industrial equipment has a bright future, once the global economy starts to sail in recovery waters, after the worst global depression I´ve ever seen. Caterpillar Inc. (NYSE:CAT) has a broad and diversified catalog of heavy industrial equipment used in construction, infrastructure, farming, oil and gas, mining and utilities. Caterpillar is recognized for its "best of breed" brand and quality.
Technically speaking, CAT has a nice, triple-bottom pattern on weekly charts with heavy reversal volume and a powerful stochastics crossing in the lower band, and its market share price target is going to be re-evaluated upward sooner or later.., so going long on this undervalued company could be a nice business in the next months or years. We all know that once a company becomes a bright spot recognized by Wall Street analysts, valuations can skyrocket to unprecedented levels, so why not dream about doubling today´s CAT´s price in the market?
About the author:
Improving knowledge about NorthAmerican markets to Spanish investors will help to improve confidence to make global markets more liquid..