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Downtrend Call Working As Cummins Inc Stock Falls 11.5% (CMI)

By David Diaz

SmarTrend identified a Downtrend for Cummins Inc (NYSE:CMI) on May 1st, 2018 at $152.05. In approximately 2 months, Cummins Inc has returned 11.55% as of today's recent price of $134.49.

In the past 52 weeks, shares of Cummins Inc have traded between a low of $129.90 and a high of $194.18 and are now at $134.49, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.3%.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines. The Company also manufactures electric power generation systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls, and air handling systems.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cummins Inc.

Log in and add Cummins Inc (CMI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights cummins inc

Ticker(s): CMI