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After Yesterday's Rally of 1.29% Shares Could Potentially Pullback

By James Quinn

Cummins (NYSE:CMI) traded in a range yesterday that spanned from a low of $155.80 to a high of $158.51. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $158.18 on volume of 367,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Cummins and will alert subscribers who have CMI in their portfolio or watchlist when shares have changed trend direction.

Cummins share prices have moved between a 52-week high of $163.36 and a 52-week low of $79.88 and are now trading 98% above that low price at $157.95 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

Keywords: rebounders Cummins

Ticker(s): CMI