Cummins Inc. (CMI) is having a strong upside day making a new 52-week high. We haven't reviewed the charts of CMI for more than a year, so an update is due.
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Everyone wants to chase everything that has not moved yet, but not knowing why.
Let's review the charts and indicators.
There is a limited price history with the company, which went public in August, but aggressive traders could probe its long side.
Greater clarity on the presidential transition and the naming of Janet Yellen as the next Treasury Secretary help push stocks higher.