Stocks Reaching Trendline Resistance (Bearish) on Dec-10

These stocks are hitting their trendline resistance. This is a bearish signal that means the stock might meet resistence in attempting to break out to a higher price.

Caterpillar Inc. (NYSE:CAT) is currently trading at $86.99. CAT is trading 2.85% above its 50 day moving average and -4.41% below its 200 day moving average. CAT is -24.37% below its 52-week high and 12.55% above its 52-week low. CAT’s PE ratio is 8.90 and their market cap is $56.89B.

Caterpillar Inc. provides construction and mining equipment; diesel and natural gas engines and industrial gas turbines. It also provides financing alternatives to its customers.

National Grid plc (NYSE:NGG) is currently trading at $56.69. NGG is trading 2.75% above its 50 day moving average and 9.31% above its 200 day moving average. NGG is -0.63% below its 52-week high and 29.35% above its 52-week low. NGG’s PE ratio is 11.18 and their market cap is $41.25B.

National Grid PLC owns and operates regulated electricity and gas infrastructure networks in the UK and the US.

Emerson Electric Co. (NYSE:EMR) is currently trading at $50.85. EMR is trading 4.13% above its 50 day moving average and 5.34% above its 200 day moving average. EMR is -3.22% below its 52-week high and 18.54% above its 52-week low. EMR’s PE ratio is 18.97 and their market cap is $36.82B.

Emerson Electric Co. is engaged in designing and supplying product technology and delivering engineering services in industrial, commercial and consumer markets.

Canadian Imperial Bank of Commerce (NYSE:CM) is currently trading at $80.85. CM is trading 2.41% above its 50 day moving average and 9.12% above its 200 day moving average. CM is -1.02% below its 52-week high and 24.96% above its 52-week low. CM’s PE ratio is 10.49 and their market cap is $32.70B.

Canadian Imperial Bank of Commerce is a Canadian-based, global financial institution which serves its clients through two distinct business lines: CIBC Retail Markets and Wholesale Banking.

Lockheed Martin Corporation (NYSE:LMT) is currently trading at $91.90. LMT is trading 0.58% above its 50 day moving average and 5.22% above its 200 day moving average. LMT is -3.01% below its 52-week high and 26.65% above its 52-week low. LMT’s PE ratio is 10.49 and their market cap is $29.74B.

Lockheed Martin Corporation is a global security company is engaged in the research, design, development, manufacture, integration, operation and sustainment of advanced technology systems and products.

iShares Barclays TIPS Bond (NYSE:TIP) is currently trading at $123.15. TIP is trading 1.03% above its 50 day moving average and 3.13% above its 200 day moving average. TIP is -0.23% below its 52-week high and 8.38% above its 52-week low.

International Game Technology is a global gaming company engaged in the design, manufacture, and marketing of electronic gaming equipment and systems products.

PPG Industries Inc. (NYSE:PPG) is currently trading at $121.37. PPG is trading 2.70% above its 50 day moving average and 14.06% above its 200 day moving average. PPG is -5.04% below its 52-week high and 57.45% above its 52-week low. PPG’s PE ratio is 20.26 and their market cap is $18.61B.

PPG Industries, Inc manufactures coatings, glass and chemical products. The Company is a major global supplier of protective and decorative coatings.

Cabot Oil & Gas Corporation (NYSE:COG) is currently trading at $48.84. COG is trading 5.14% above its 50 day moving average and 24.18% above its 200 day moving average. COG is -2.10% below its 52-week high and 69.58% above its 52-week low. COG’s PE ratio is 87.21 and their market cap is $10.27B.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties located in North America.

Juniper Networks Inc. (NYSE:JNPR) is currently trading at $19.29. JNPR’s RSI is currently at 72.42 which indicates that the stock is overbought. JNPR is trading 12.15% above its 50 day moving average and 5.09% above its 200 day moving average. JNPR is -22.96% below its 52-week high and 37.69% above its 52-week low. JNPR’s PE ratio is 55.11 and their market cap is $9.95B.

Juniper Networks Inc designs, develops and sells innovative products and services that together provide its customers with high-performance network infrastructure built on simplicity, security, openness and scale.

Genuine Parts Company (NYSE:GPC) is currently trading at $64.05. GPC is trading 3.78% above its 50 day moving average and 4.06% above its 200 day moving average. GPC is -3.51% below its 52-week high and 17.06% above its 52-week low. GPC’s PE ratio is 16.09 and their market cap is $9.94B.

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical & electronic materials.

CH Robinson Worldwide Inc. (NASDAQ:CHRW) is currently trading at $60.60. CHRW is trading 0.24% above its 50 day moving average and 1.39% above its 200 day moving average. CHRW is -14.18% below its 52-week high and 19.96% above its 52-week low. CHRW’s PE ratio is 22.04 and their market cap is $9.77B.

CH Robinson Worldwide, Inc. is a third party logistics company, which provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries.

Eastman Chemical Co. (NYSE:EMN) is currently trading at $61.85. EMN is trading 6.95% above its 50 day moving average and 17.14% above its 200 day moving average. EMN is -0.16% below its 52-week high and 76.00% above its 52-week low. EMN’s PE ratio is 15.16 and their market cap is $9.49B.

Eastman Chemical Company is a chemical company which manufactures and sells a portfolio of chemicals, plastics and fibers. Eastman has eleven manufacturing sites in seven countries that supply chemicals, plastics, and fibers products to customers.

Ametek Inc. (NYSE:AME) is currently trading at $37.73. AME is trading 5.39% above its 50 day moving average and 11.90% above its 200 day moving average. AME is -0.32% below its 52-week high and 44.49% above its 52-week low. AME’s PE ratio is 20.85 and their market cap is $9.17B.

AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia, and South America.

SBA Communications Corp. (NASDAQ:SBAC) is currently trading at $69.08. SBAC is trading 4.53% above its 50 day moving average and 20.09% above its 200 day moving average. SBAC is -0.79% below its 52-week high and 75.42% above its 52-week low.

SBA Communications Corporation is an independent owner and operator of wireless communications towers in United States, Puerto Rico, and the U.S. Virgin Islands.

James Hardie Industries SE (NYSE:JHX) is currently trading at $49.49. JHX is trading 5.11% above its 50 day moving average and 20.15% above its 200 day moving average. JHX is -0.98% below its 52-week high and 67.88% above its 52-week low. JHX’s PE ratio is 7.74 and their market cap is $4.33B.

James Hardie Industries PLC manufactures and sells fiber cement building products such as Lap Siding, Boards, Panels, Exterior Design products & weather barriers, mainly in the United States, Australia, New Zealand, the Philippines and Europe.

Alex Fredricks

Alex Fredricks

Alex Fredricks has a degree in business and is an avid day-trader. Alex's experience and love for the game of the markets is shown not only in his posts, but the post he helps edit for other authors on our staff.