A look at Cummins Inc. (CMI)

by DAN Cummins Inc. ($CMI) averages are at $143.12 (21 day SMA), $150.03 (50 day SMA), $142.51 (200 day SMA). Over the past 52 weeks CMI has traded from a low of $121.66 to a high of $161.03. CMI was last at $147.62 on a volume of 2,024,420. Average daily volume has been at 1,366,229.

52 Week Range $121.66-$161.03 Market Cap 27,086,710,617 Average Volume 1,366,229 Dividend Yield 2.12% Institutional Ownership 84.80% Insider Ownership: 0.80% Percentage of Float Short 1.50% Beta 1.70

Cummins (CMI) has been in an uptrend for years. Since mid-2012, the stock has been moving higher in a series of higher highs and lows, but with very few deep pullbacks. You can see in the chart that such a deep pullback has occurred recently, but that the uptrend remains intact. Technical traders can look at this pullback and bounce as an opportunity to buy the stock.

Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products.

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