Potential buy for $CMI if it can close above 7day EMA $156
This stock is coming out of oversold -80 on Williams % R. MACD histogram isn't looking too pretty but if it can close above the trend line it might rally further. One might also want to wait until it breaks the high of $161. The last relative high was lower than the previous high.
Fundamentals show strong market share for diesel engines. The increasingly high cost of diesel incentivizes industry to reduce emissions. The technology developed in conjunction with Westport Innovations puts Cummins in a market-leading position, especially in China where heavy-duty manufacturers need to upgrade their engines.
On the other hand, price growth has largely outpaced revenue growth and increased debt has been added to the company.
Fundamentals show strong market share for diesel engines. The increasingly high cost of diesel incentivizes industry to reduce emissions. The technology developed in conjunction with Westport Innovations puts Cummins in a market-leading position, especially in China where heavy-duty manufacturers need to upgrade their engines.
On the other hand, price growth has largely outpaced revenue growth and increased debt has been added to the company.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.