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Cummins Inc Rises 3.42% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Cummins Inc (NYSE:CMI) traded in a range yesterday that spanned from a low of $169.90 to a high of $174.62. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $172.60 on volume of 805,000 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 $124.40 and a high of $173.88 and are now at $173.88, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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