This week’s breakout trade is Caterpillar Inc. (NYSE: CAT).
![](https://tradersalley.com/wp-content/uploads/2024/01/CAT_2024-01-08_12-08-28-1024x728.png)
I’m seeingg a bull flag on the daily chart. This is one of my favorite patterns to trade.
Trade Idea
Price Target: $300
Options Contract: 16 FEB 24 300 CALL
To Better Trading,
Alex @ Trader’s Alley