CAT - short, only 3.8% from ATH 246.69

CAT currently at 235.70 traded 160.60 - 239.85 in 52 week range, only 3.8% from ATH 246.69, which is overvalued considering risks of a global recession. Recently dumped by Bill & Melinda Gates Foundation Trust - they increased their position in DE.

Data:

• Market Cap: $122.66B
  
• P/E GAAP (TTM) - 17.13
  
• Price/Book (TTM) - 7.87
  
• FINRA Short Volume Ratio 60.47%
  
• RSI 1D: 69.91
  
• MACD 1D: bearish
  

Case against:

• Strong earnings for FQ3 2022 (Sep 2022): Non-GAAP EPS of $3.95 beats by $0.79, revenue of $15B beats by $620M
  
• Seeking Alpha Quant: Strong Buy 4.94