Uptrend Call Working As Cummins Stock Rises 17.9% (CMI)
SmarTrend identified an Uptrend for Cummins (NYSE:CMI) on November 1st, 2012 at $96.53. In approximately 2 months, Cummins has returned 17.86% as of today's recent price of $113.77.
Over the past year, Cummins has traded in a range of $82.20 to $129.51 and is now at $114.36, 39% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.1%.
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 shifts in the trajectory of Cummins shares.
Log in and add Cummins (CMI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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