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News Breaks
13:44 EDTCAT
theflyonthewall.com: Caterpillar has the potential to break its bearish price channel
The current short-term bearish price channel has a top at $59.23. On a breakout above this area, the interrupted uptrend in the stock could continue. The next major upside objective would be the 200-week moving average, last at $62.02. Traders should bear in mind that there is still an active bullish, inverted, head and shoulders on the weekly chart that has an upside objective to the $75 area. :theflyonthewall.com



News For CAT From The Last 14 Days
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March 10, 2010
07:34 EDTCAT
theflyonthewall.com: Ingersoll-Rand stops selling to Iran, WSJ reports
In part because of pressure from Western governments to stop doing business with Iran, Ingersoll-Rand (IR) has followed several other companies and has prohibited its subsidiaries from selling products to customers in Iran, reports the Wall Street Journal. Reference Link :theflyonthewall.com

March 9, 2010
14:20 EDTCAT
theflyonthewall.com: Caterpillar sees FY10 revenue up 10%-25%, WSJ reports

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13:27 EDTCAT
theflyonthewall.com: Caterpillar economics team calling for a 3.4% increase in GDP, Reuters reports
Caterpillar economics team calling for a 3.4% increase in GDP, a little higher than consensus. :theflyonthewall.com
08:22 EDTCAT
theflyonthewall.com: National Association for Business Economics to host a conference

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March 7, 2010
23:24 EDTCAT
theflyonthewall.com: Caterpillar, Navistar JV, NC2, set to launch Australian operations

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March 2, 2010
07:35 EDTCAT
theflyonthewall.com: Rio Tinto employs robots to help in its mines, WSJ reports
Rio Tinto (RTP) is using high tech equipment, including robots, to remotely work its Australian mines from hundreds of miles away, as a series of new techniques allow miners to go to more remote places, while using fewer workers and keeping them safe, reports the Wall Street Journal. Reference Link :theflyonthewall.com

March 1, 2010
07:04 EDTCAT
theflyonthewall.com: Caterpillar to end dealings with Iran, FT reports

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February 26, 2010
10:04 EDTCAT
theflyonthewall.com: On The Fly: Review of U.S. Economic Data

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February 24, 2010
13:16 EDTCAT
theflyonthewall.com: Senate approves $15B jobs bill, The Hill reports

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10:18 EDTCAT
theflyonthewall.com: Bernanke says interest rates to remain "exceptionally low" in testimony
Fed Chairman Ben Bernanke will say during testimony before Congress today that the U.S. economy has experienced a "nascent recovery" driven by inventory depletion and fiscal stimulus. The Fed chairman notes that a sustained recovery can only be driven by growth in private-sector demand, which he said seems to be growing at a moderate pace. Meanwhile, Bernanke said that he continues to expect interest rates to remain exceptionally low for an extended period. However, the central bank is winding down its special lending facilities, and the Fed will begin tightening monetary policy "at some point," the chairman said. :theflyonthewall.com
06:33 EDTCAT
theflyonthewall.com: House leaders looking to quickly pass jobs bill, NY Times reports

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