"Old Economy" stocks are drawing our attention again.
Our Head Technical Analyst Steve Strazza says: "these old economy stocks are all beating earnings and taking leadership roles" and he cites companies like Caterpillar $CAT, Deere $DE, as well as energies, homebuilders, and transportation stocks.
Today's trade is an expression of the continuation of this theme, and our target stock is offering us a nice pullback to enter into.
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