Caterpillar (CAT) stock outlook week january 30 2012

Caterpillar (CAT) stock outlook week january 30 2012 : Caterpillar (CAT) has posted gains of 50% and I still think it's undervalued. The stock is currently trading near resistance and it will be tough for the stock to breakthrough with expectations being so high, at $1.73 a share.

However, I believe it's likely that this stock will breakthrough its resistance and trade much higher after announcing earnings that reflect continued growth of 40% year-over-year.

The company will announce earnings on Thursday and I anticipate significant gains in the days prior to earnings as investors prepare for strong results, therefore it would be wise to load up on shares which will better prepare you for any possible surprises following earnings. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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