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After Yesterday's Rally of 1.00% Shares Could Potentially Pullback

By Amy Schwartz

Cummins Inc (NYSE:CMI) traded in a range yesterday that spanned from a low of $162.07 to a high of $163.85. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $162.84 on volume of 459,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Cummins Inc have traded between a low of $105.33 and a high of $194.18 and are now at $163.16, which is 55% above that low price. The 200-day and 50-day moving averages have moved 0.25% lower and 1.39% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cummins Inc on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $175.05. Since that call, shares of Cummins Inc have fallen 7.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders cummins inc

Ticker(s): CMI