The “Chart of the Day” is Cummins (CMI), which showed up on Thursday’s Barchart “All Time High” list. Cummins on Thursday posted a new all-time high of $127.83 and closed up 2.51%. TrendSpotter just turned Long again on Tuesday at $124.31 after taking a profit on March 6 and turning neutral for five sessions. In recent news on the stock, Cummins on Feb 2 reported Q4 EPS ex-items of $2.56, well above the consensus of $2.23. Wells Fargo on Feb 3 reiterated its Outperform rating and raised its valuation range to $132-135 from $110-113. Cummins, with a market cap of $24 billion, is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems. Cummins provides power and components for a wide variety of equipment in its key businesses: engine, power generation, and filtration.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “All Time High” list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the “All Time Highs” menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the “Percent” column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 67% Buy
- Overall Average 96% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
