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Cummins Crosses Above its 10-day MA (CMI)

By Shiri Gupta

Today, shares of Cummins (NYSE:CMI) have crossed bullishly above their 10-day moving average of $126.95 on a volume of 134K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Cummins share prices have been bracketed by a low of $79.88 and a high of $143.40 and are now at $127.23, 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Cummins and will alert subscribers who have CMI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Cummins

Ticker(s): CMI