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Look for Shares of Cummins Inc to Potentially Pullback after Yesterday's 1.25% Rise

By David Diaz

Cummins Inc (NYSE:CMI) traded in a range yesterday that spanned from a low of $156.41 to a high of $158.30. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $156.36 on volume of 590,000 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 $169.45 and are now at $157.56, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Cummins Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cummins Inc in search of a potential trend change.

Keywords: rebounders cummins inc

Ticker(s): CMI