Charts point to trouble ahead for one surging Dow stock
Caterpillar shares have been on a tear – rallying more than 35 percent in the past year, but one top technician says the charts are pointing to trouble ahead.

The S&P Industrial sector is one of the best-performing groups in the past year, but Carter Worth of Cornerstone Macro noted that many of the industrial giants have pulled back, and it could be foreshadowing a leg lower for Caterpillar.

While looking at charts of Cummins , Ingersoll-Rand , Illinois Tool Works , Union Pacific and Deere , Worth pointed out that while all of the names showed clear uptrends, all of these stocks have then checked back and seen breaks in those trends.

"There's a pattern going on here … [they're] all gapping [lower]," Worth said Friday on CNBC's "Options Action."

"Here's Caterpillar. Here's its uptrend. It's the only guy holding up, so either their sort of a miracle, or they're going the same way [down]," Worth explained. "I bet you they're going the same way. I'm a seller. It's pretty simple."

Caterpillar shares were trading around $113.70 midday Monday.