Cummins Inc. (Ticker: CMI) is a global leader in the design, manufacturing, and distribution of engines, power systems, and related technologies. They provide a wide range of products and services for various industries, including automotive, construction, mining, and power generation.
Currently, the stock of Cummins Inc. has formed a nice long-term base, indicating a period of consolidation and stability in the stock price. This base formation suggests that the stock has found a solid level of support and may be preparing for a potential upward move.
Traders and investors are inclined to buy strength above the 280 level, as it would indicate a breakout from the base formation. The target for this potential move is set at 335, representing a potential upside price target. Market participants will closely monitor the stock's price action and key resistance levels to confirm the breakout and assess the stock's future performance.
For more technical analysis sign up for the FREE Chart Of The Day.
Recent Posts
Technical Analysis of Gap Inc.
Gap Inc. is a leading global retailer that offers clothing, accessories, and personal care products for men, women, and children. With a portfolio of well-known brands including Gap, Old Navy, Banana Republic, and Athleta, Gap Inc.
Technical Analysis of CCC Intelligent Solutions
CCC Intelligent Solutions Holdings, Inc. is a provider of innovative cloud, mobile, telematics, hyperscale technologies, and applications for the property and casualty (“P&C”) insurance economy.
Technical Analysis of Dick's Sporting Goods Inc.
Dick's Sporting Goods Inc. is a leading sporting goods retailer that offers a wide range of athletic apparel, footwear, equipment, and accessories.
Technical Analysis of Credo Technology Group Holdings
Credo Technology Group Holding Ltd. engages in the development of connectivity solutions and products for the data infrastructure market.
Technical Analysis of HP Inc.
HP Inc. is a leading technology company that specializes in providing a wide range of products and solutions for personal computing, printing, and imaging. With a strong presence in the global market, HP Inc.