Trading Cummins $CMI With Integrated Risk Controls

June 22, 2023, 02:00 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMI

• Buy CMI slightly over 217.82 target 240.64 stop loss @ 217.19 Details

The technical summary data tells us to buy CMI near 217.82 with an upside target of 240.64. This data also tells us to set a stop loss @ 217.19 to protect against excessive loss in case the stock begins to move against the trade. 217.82 is the first level of support below 233.25 , and by rule, any test of support is a buy signal. In this case, support 217.82 would be being tested, so a buy signal would exist.

• Short CMI slightly under 240.64, target 217.82, stop loss @ 241.33 Details

The technical summary data is suggesting a short of CMI as it gets near 240.64 with a downside target of 217.82. We should have a stop loss in place at 241.33though. 240.64 is the first level of resistance above 233.25, and by rule, any test of resistance is a short signal. In this case, if resistance 240.64 is being tested, so a short signal would exist.

Swing Trading Plans for CMI

• Buy CMI slightly over 234.95, target 240.64, Stop Loss @ 234.27 Details

If 234.95 begins to break higher, the technical summary data tells us to buy CMI just slightly over 234.95, with an upside target of 240.64. The data also tells us to set a stop loss @ 234.27 in case the stock turns against the trade. 234.95 is the first level of resistance above 233.25, and by rule, any break above resistance is a buy signal. In this case, 234.95, 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 234.95, target 217.82, Stop Loss @ 235.63. Details

The technical summary data is suggesting a short of CMI if it tests 234.95 with a downside target of 217.82. We should have a stop loss in place at 235.63 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, 234.95, 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 233.93, target 234.95, Stop Loss @ 233.38 Details

If 233.93 begins to break higher, the technical summary data tells us to buy CMI just slightly over 233.93, with an upside target of 234.95. The data also tells us to set a stop loss @ 233.38 in case the stock turns against the trade. 233.93 is the first level of resistance above 233.25, and by rule, any break above resistance is a buy signal. In this case, 233.93, 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 233.93, target 230.64, Stop Loss @ 234.48. Details

The technical summary data is suggesting a short of CMI if it tests 233.93 with a downside target of 230.64. We should have a stop loss in place at 234.48 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, 233.93, 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 22:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	217.82
P2	230.64	234.95	240.64
P3	233.93	243.67	263.38

AI Generated Signals for CMI

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