Caterpillar Inc (NYSE:CAT) declined 1.84 percent in its last trading session to close at $98.04. Caterpillar traded with volume of 9.76 million shares as compared to its average volume of 7.74 million shares on daily basis. The share price moved 9.02 percent below its 50 days simple moving average, moreover relative strength index of 33.33 times also indicate that the share price is trading at its oversold level.
Looking at it fundamentally the share price is trading at a price to earnings of 17.44 times while its earnings per share stand at $5.62 as per its last financial statements.
Alcoa Inc (NYSE:AA) remained under selling pressure and dropped 1.78 percent to close at $15.41 in yesterday’s session. The share price traded volume of 21.04 million shares as compared to its average traded volume of 25.37 million shares per day. The share price moved 8.84 percent below its 50 days simple moving average while relative strength index of 32.56 times also indicates its oversold level. Alcoa seems to be very attractive at these price levels and has considerable margin for capital gains.
American Express Company (NYSE:AXP) plunged 1.62 percent to close at $48.10 in its last trading session with traded volume of 7.85 million shares. Its average traded volume stands at 6.83 million. Stock prices are trading near an oversold level as per its relative strength index of 38.30 times and has considerable margin for capital gains. AXP’s price to earnings ratio stood at 13.40 times which also depicts that the stock is at its attractive level fundamentally.
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