Cummins Inc.
CMI
Delayed Nyse - 09/20 09:34:26 pm
167.41USD
-0.05%

Good timing to anticipate a continuation of the trend

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Anas Lozach
 

Strategy published on : 09/08/2017 | 16:20

long trade
Live

Entry price : 161.835$
Target : 169$
Stop-loss : 158.1$
Potential : 4.43%

The timing appears opportune to go long in shares of Cummins Inc. as we anticipate another pick-up in the underlying trend.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The company returns high margins, thereby supporting business profitability.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● The group usually releases upbeat results with huge surprise rates.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The tendency within the weekly time frame is positive above the technical support level at 144.57 USD


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 167.22.

● Technically, the stock approaches a strong medium-term resistance at USD 167.9.

Zonebourse.com 2017
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