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Shares of Cummins Inc Rise Above Previous 52-Week High

By Nick Russo

Cummins Inc (NYSE:CMI) traded today at a new 52-week high of $169.99. This new high was reached on below average trading volume as 158,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Based on a current price of $169.98, Cummins Inc is currently 0.5% above its average consensus analyst price target of $169.16. The stock should find initial support at its 50-day moving average (MA) of $162.99 and further support at its 200-day MA of $150.34.

In the past 52 weeks, Cummins Inc share prices have been bracketed by a low of $124.40 and a high of $169.99 and are now at $169.98, 37% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.09% 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 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: 52 week high/lows cummins inc

Ticker(s): CMI