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Recent 52-Week High Exceeded in Shares of Cummins Inc (CMI)

By Nick Russo

Cummins Inc (NYSE:CMI) traded at a new 52-week high today of $172.11. So far today approximately 171,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

Cummins Inc (NYSE:CMI) is currently priced 1.7% above its average consensus analyst price target of $169.16. Cummins Inc shares have support at the 50-day moving average (MA) of $163.71 and additional support at the 200-day MA of $151.33.

In the past 52 weeks, Cummins Inc share prices have been bracketed by a low of $124.40 and a high of $172.11 and are now at $172.11, 38% above that low price. The 200-day and 50-day moving averages have moved 0.46% higher and 0.23% higher over the past week, respectively.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines. The Company also manufactures electric power generation systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls, and air handling systems.

SmarTrend recommended that subscribers consider buying shares of Cummins Inc on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $163.64. Since that recommendation, shares of Cummins Inc have risen 4.7%. We continue to monitor CMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cummins inc

Ticker(s): CMI