Jul. 31 at 12:44 PM
$CAT has finally been pulling back in the past month, after a monster 307%+ rally from April 2025 lows to recent highs 🚧
- Still has an open gap to fill from back in April of this year, to
$721.72, but would likely test the 200 DMA and try to use it as support.
- Baird has downgraded Caterpillar, citing increasing public backlash and regulatory issues surrounding the construction of data centers, cutting their prices target from
$1,200 to
$900.
