$CAT

Caterpillar has formed a concerning breakdown, undercutting its 200-day moving average and making a new three-month low after surrendering a recent breakout.

$CAT is close to a new three-month low after struggling for some time and failing to revisit 1,000 following its initial breakdown.

$CAT is showing a bullish-to-bearish reversal setup among former winners, indicating a near-term shift toward downside price risk.