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Cummins Bullish Moving Average Crossover Alert (CMI)

By David Diaz

Cummins (NYSE:CMI) crossed over its 10-day moving average of $116.95 on a volume of 664K 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 have traded between a low of $79.88 and a high of $143.40 and are now at $117.45, which is 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend is monitoring the recent change of momentum in Cummins. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cummins in search of a potential trend change.

Keywords: moving crosses Cummins

Ticker(s): CMI