This is shaping up to be a perfect buying opportunity for a short term trade. Cat's off almost $8 (7%) from the recent high of $116.95. RSI is below 50 and current price is only a couple bucks above the lower Bolinger band. We're approaching Q1 earning season and we can expect another blowout quarter. I suspect we'll see record revenues and profits again and the stock will run up to new highs prior to the conference call on April 25th.
This could be an opportunity for a 15+% gain in 6 weeks or so. My advice, if you're not already long take advantage of this trade now