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Shares of Cummins Inc Fall to a New 52-Week Low

By David Diaz

Cummins Inc (NYSE:CMI) traded today at a new 52-week low of $117.04. This new low was reached on below average trading volume as 87,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

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.

There is potential upside of 44.5% for shares of Cummins Inc based on a current price of $117.05 and an average consensus analyst price target of $169.16. The stock should find initial resistance at its 50-day moving average (MA) of $160.07 and further resistance at its 200-day MA of $165.87.

Cummins Inc share prices have moved between a 52-week high of $186.62 and the current low of $117.04 and are currently at $117.05 per share. The 200-day and 50-day moving averages have moved 0.21% lower and 1.7% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Cummins Inc and will alert subscribers who have CMI in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows cummins inc

Ticker(s): CMI