CUMMINGS INC
(CUM-NYSE):
Technical Viewpoint: From a low
of $28.59 on May 20, 2003 prices
rallied, reaching a
high of $41.86
on Jun 17, 2003. A
decline saw prices pull back, reaching a
low of
$34.25 on Jul 1, 2003.
Another rally saw prices penetrate
resistance, closing 7/25/03
at $45.16. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 25, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $38.00. Resistance: Is at $47.05.
Point & Figure: Reversed to the upside on Jul 25, 2003. A P&F upside
reversal takes place at $44.00. Summary: Technical indicators have turned bullish. BUY! CUMMINGS INC
(CUM-NYSE) @ $46.13 Stop: Use a protective stop of $44.13.
CUMMINGS INC is currently trading @ $45.16 plus $7.22 on Jul 25, 2003. Price Objective:
$56.00. Risk/Reward: $2.00 VS. $9.88. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$56.00
Risk/Reward:
$2.00 VS. $9.88
Risk/Reward Ratio:
5:1
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