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Cummins Inc Crosses Above its 10-day MA (CMI)

By Nick Russo

Today, shares of Cummins Inc (NYSE:CMI) have advanced above their 10-day MA of $162.99 on a volume of 213K 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 Inc share prices have been bracketed by a low of $124.40 and a high of $169.45 and are now at $167.06, 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

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

Keywords: moving crosses cummins inc

Ticker(s): CMI