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Bullish Moving Average Cross by Cummins Inc (CMI)

By David Diaz

Today, shares of Cummins Inc (NYSE:CMI) have advanced above their 10-day MA of $169.82 on a volume of 136K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Cummins Inc have traded between a low of $124.40 and a high of $173.77 and are now at $171.81, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.25% higher and 0.20% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cummins Inc on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $163.64. Since that recommendation, shares of Cummins Inc have risen 3.2%. We continue to monitor CMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cummins inc

Ticker(s): CMI