Learn to Evaluate Cummins ($CMI) using the Charts

June 11, 2023, 15:45 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMI

• Buy CMI slightly over 218.48 target 241.44 stop loss @ 217.85 Details

The technical summary data tells us to buy CMI near 218.48 with an upside target of 241.44. This data also tells us to set a stop loss @ 217.85 to protect against excessive loss in case the stock begins to move against the trade. 218.48 is the first level of support below 226.63 , and by rule, any test of support is a buy signal. In this case, support 218.48 would be being tested, so a buy signal would exist.

• Short CMI slightly under 241.44, target 218.48, stop loss @ 242.14 Details

The technical summary data is suggesting a short of CMI as it gets near 241.44 with a downside target of 218.48. We should have a stop loss in place at 242.14though. 241.44 is the first level of resistance above 226.63, and by rule, any test of resistance is a short signal. In this case, if resistance 241.44 is being tested, so a short signal would exist.

Swing Trading Plans for CMI

• Buy CMI slightly over 231.32, target 241.44, Stop Loss @ 230.65 Details

If 231.32 begins to break higher, the technical summary data tells us to buy CMI just slightly over 231.32, with an upside target of 241.44. The data also tells us to set a stop loss @ 230.65 in case the stock turns against the trade. 231.32 is the first level of resistance above 226.63, and by rule, any break above resistance is a buy signal. In this case, 231.32, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CMI slightly near 231.32, target 219.88, Stop Loss @ 231.99. Details

The technical summary data is suggesting a short of CMI if it tests 231.32 with a downside target of 219.88. We should have a stop loss in place at 231.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 231.32, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CMI

• Buy CMI slightly over 226.89, target 231.51, Stop Loss @ 226.36 Details

If 226.89 begins to break higher, the technical summary data tells us to buy CMI just slightly over 226.89, with an upside target of 231.51. The data also tells us to set a stop loss @ 226.36 in case the stock turns against the trade. 226.89 is the first level of resistance above 226.63, and by rule, any break above resistance is a buy signal. In this case, 226.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CMI slightly near 226.89, target 219.88, Stop Loss @ 227.42. Details

The technical summary data is suggesting a short of CMI if it tests 226.89 with a downside target of 219.88. We should have a stop loss in place at 227.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 226.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Cummins (CMI) available here: CMI.

CMI Ratings for June 11:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	218.48
P2	226.89	219.88	241.44
P3	231.51	231.32	264.24

AI Generated Signals for CMI

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Cummins (NYSE: CMI) report below can help you understand how to do this. The trading plans for CMI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.