4 Big-Volume Stocks Moving Higher

Caterpillar

Caterpillar (CAT) provides construction and mining equipment, diesel and natural gas engines and industrial gas turbines. It also provides financing alternatives to its customers. This stock is trading up 1.2% at $84.91 in recent trading.

Today's Volume: 12.3 million

Average Volume: 7.5 million

Volume % Change: 185%

Shares of CAT moving notably higher here after the company reported better-than-expected results for the third quarter, but tempered forecasts for the full year and predicted ongoing difficulty in Europe

>>5 Stocks Ready to Break Out .

From a technical perspective, CAT is bouncing higher here right around some near-term support at $81.61 with monster volume. This move is quickly pushing CAT within range of triggering a near-term breakout trade. That trade will hit once CAT manages to take out some near-term overhead resistance at $87.53 with high volume.

Traders should now look for long-biased trades in CAT once it manages to sustain a move or close above $87.53 with volume that hits near or above 7,501,150 shares. If that breakout triggers soon, then look for CAT to re-test or possibly take out its next major overhead resistance levels at $93.71 to $94.95.

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