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After Yesterday's Rally of 1.33% Shares Could Potentially Pullback

By Amy Schwartz

Cummins Inc (NYSE:CMI) traded in a range yesterday that spanned from a low of $170.49 to a high of $173.46. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $171.00 on volume of 407,000 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 $181.79 and are now at $172.09, which is 63% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

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

Keywords: rebounders cummins inc

Ticker(s): CMI