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Cummins Inc Falls 2.57% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Cummins Inc (NYSE:CMI) traded in a range yesterday that spanned from a low of $176.50 to a high of $178.70. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $181.10 on volume of 102,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Cummins Inc share prices have been bracketed by a low of $124.40 and a high of $186.62 and are now at $176.60, 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

Keywords: rebounders cummins inc

Ticker(s): CMI