Cummins Inc.
CMI
Delayed Nyse - 08/18 10:01:21 pm
150.79USD
-0.32%

The underlying trend is to the upside

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David Meurisse
Contributor / Partner

Strategy published on : 08/10/2017 | 14:32

long trade under condition
Conditional Order Terminated

Entry price : 162.1$
Target : 178.9$
Stop-loss : 155.9$
Cancellation Level : 155$
Potential : 10.36%

Shares in Cummins Inc. do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of 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.

● In a short-term perspective, the company has interesting fundamentals.


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.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

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

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● 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 140.66 USD


Weaknesses

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

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