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Cummins Inc Crosses Below its 10-day MA (CMI)

By David Diaz

Today, shares of Cummins Inc (NYSE:CMI) have fallen below their 10-day MA of $161.85 on a volume of 155K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

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 30% above that low price at $161.70 per share. The 200-day and 50-day moving averages have moved 0.31% higher and 0.41% lower over the past week, respectively.

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: moving crosses cummins inc

Ticker(s): CMI