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

By James Quinn

Today, shares of Cummins Inc (NYSE:CMI) have crossed bearishly below their 10-day moving average of $143.08 on a volume of 338K 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.

Over the past year, Cummins Inc has traded in a range of $140.60 to $194.18 and is now at $141.76, 1% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

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 5.6%. 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