How the (CMI) price action is used to our Advantage

August 21, 2024, 07:44 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMI

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Swing Trading Plans for CMI

• Buy CMI slightly over 305.81, target 321.85, Stop Loss @ 304.93 Details

If 305.81 begins to break higher, the technical summary data tells us to buy CMI just slightly over 305.81, with an upside target of 321.85. The data also tells us to set a stop loss @ 304.93 in case the stock turns against the trade. 305.81 is the first level of resistance above 300.31, and by rule, any break above resistance is a buy signal. In this case, 305.81, 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 305.81, target 300.31, Stop Loss @ 306.69. Details

The technical summary data is suggesting a short of CMI if it tests 305.81 with a downside target of 300.31. We should have a stop loss in place at 306.69 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, 305.81, 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 301.01, target 305.81, Stop Loss @ 300.31 Details

If 301.01 begins to break higher, the technical summary data tells us to buy CMI just slightly over 301.01, with an upside target of 305.81. The data also tells us to set a stop loss @ 300.31 in case the stock turns against the trade. 301.01 is the first level of resistance above 300.31, and by rule, any break above resistance is a buy signal. In this case, 301.01, 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 301.01, target 300.31, Stop Loss @ 301.71. Details

The technical summary data is suggesting a short of CMI if it tests 301.01 with a downside target of 300.31. We should have a stop loss in place at 301.71 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, 301.01, 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 Inc. (CMI) available here: CMI.

CMI Ratings for August 21:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	279.09
P2	301.01	297.37	300.31
P3	306.59	305.81	321.85

AI Generated Signals for CMI

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Cummins Inc. (NYSE: CMI) data table below can help you with price action, and we have more details too. Trading plans for CMI are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.