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Cummins Crosses Below its 10-day MA (CMI)

By James Quinn

Today, shares of Cummins (NYSE:CMI) have fallen below their 10-day MA of $126.50 on a volume of 727K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $123.64, 55% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

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