$CAT Crashes As Government Raids Offices, Chart At *PIC*

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Shares of Caterpillar Inc.(NYSE:CAT) are taking a nose-dive, falling over 5% after news hit that government officials were raiding their offices. The stock has fallen to $93 but is trying to hold a major support line. The line connects the recent lows in the stock and can be seen in the stock chart below. If this trend line breaks on the Caterpillar stock chart, there is big downside to $84.00. Watch the $93 price level on Caterpillar. Should the stock close below that level, it is headed to $84. If the stock holds $93, it can rally back to the recent 52 week highs.

Stock chart analysis on shares of Caterpillar Inc. shares

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