• Return to Headlines

Cummins Bullish Moving Average Crossover Alert (CMI)

By James Quinn

Cummins (NYSE:CMI) shares have crossed bullishly above their 10-day moving average of $126.05 on a volume of 220K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Cummins share prices have moved between a 52-week high of $143.40 and a 52-week low of $79.88 and are now trading 58% above that low price at $126.49 per share. The 200-day and 50-day moving averages have moved 0.25% lower and 1.39% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cummins on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.72. Since that recommendation, shares of Cummins have risen 6.5%. We continue to monitor CMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Cummins

Ticker(s): CMI