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March 11, 2024 @ 9:14 AM
NYSE:CMI

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.

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