The company's fundamentals are still strong. At current price, the company is trading 11.66 times its earnings for 2013 and thus has a significant potential. Estimated sales from Thomson Reuters consensus are encouraging.
Technically, the security has just crossed the USD 26.65 medium term resistance and is supported by an increasing 20-day moving average.This configuration should lead the stock toward the USD 28 resistance.
Investors could take a long position at the current price to target the USD 28 resistance. A stop loss should be placed below the 26.2 support.
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Distributes construction, mining and farming machinery under the Caterpillar brandFinning International, Inc. engages in the distribution of construction, mining and farming machinery under the Caterpillar brand.The company sales, rents and provides parts and support services for equipment and...