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Cummins Inc Bearish Moving Average Crossover Alert (CMI)

By Amy Schwartz

Today, shares of Cummins Inc (NYSE:CMI) have crossed bearishly below their 10-day moving average of $135.94 on a volume of 233K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Cummins Inc share prices have been bracketed by a low of $129.90 and a high of $194.18 and are now at $135.54, 4% above that low price. The 200-day and 50-day moving averages have moved 0.39% lower and 0.47% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cummins Inc on May 1st, 2018 by issuing a Downtrend alert when the shares were trading at $152.05. Since that call, shares of Cummins Inc have fallen 9.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cummins inc

Ticker(s): CMI