• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Cummins Inc After 1.94% Gain

By Amy Schwartz

Cummins Inc (NYSE:CMI) traded in a range yesterday that spanned from a low of $155.58 to a high of $158.60. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $158.34 on volume of 255,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Cummins Inc share prices have moved between a 52-week high of $175.91 and a 52-week low of $124.40 and are now trading 27% above that low price at $158.01 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.6%.

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