Caterpillar Earns Relative Strength Rating Upgrade; Hits Key Threshold

Caterpillar Earns Relative Strength Rating Upgrade; Hits Key Threshold

Caterpillar saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 79 to 82. Caterpillar has climbed more than 5% past a 150.65 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Caterpillar holds the No. 2 rank among its peers in the Machinery-Construction/Mining industry group.