Carter Worth breaks down the chart on Caterpillar in his first article for Chart Investing PRO.
Machinery stocks, an important cyclical area of the stock market – and an important industry for the U.S. economy and the global economy – continue to "act poorly" as the old-time technical expression goes, with key constituents in the S & P 500 machinery industry group exhibiting bearish price-volume correlation and poor relative strength not only to the market, but to the sector in which they belong — the S & P 500 industrials sector.
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