Delayed Nyse - 06/22 10:08:09 pm

Underpinned by a support level

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Anas Lozach

Strategy published on : 05/19/2017 | 14:50

long trade on a pullback
Conditional Order Terminated

Entry price : 149.66$
Target : 163$
Stop-loss : 147.9$
Cancellation Level : 155.48$
Potential : 8.91%

The support at 149.66 USD, which is currently being tested, should allow Cummins Inc. shares to move back to the upside.
Investors should buy the stock at current prices near $ 149.66 in order to target the $ 163.


● 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.


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

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

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For the past twelve months, EPS forecast has been revised upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● The stock is in a well-established, long-term rising trend above the technical support level at 132.36 USD


● Stock prices approach a strong long-term resistance in weekly data at USD 156.98. 2018
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