Friday, November 17, 2017 1:14:42 PM
Today, most of the leading truck engine manufacturers are coming under heavy selling pressure after electric vehicle maker, Tesla Inc (NASDAQ:TSLA), announced that they are now making electric trucks. Truck engine stocks such as Cummins Inc (NYSE:CMI), Paccar Inc (NASDAQ:PCAR) and Navistar International Corp (NYSE:NAV) are plunging lower on the news.
Cummins Inc (NYSE:CMI) is trading lower by $6.82 to $160.32 a share. Traders should note that CMI stock is now testing its daily chart 200-day moving average. At this time, this important moving average is holding up as support, but a close below this critical moving average would be negative for the stock. The next major support level for CMI stock would be around the $150.00 area. This is where CMI was defended in August 2017 and should serve as a major support when initially retested. Keep this level on the radar for CMI stock as a major bounce level.
Nicholas Santiago
InTheMoneyStocks
Recent CMI News
- CORRECTING and REPLACING Accelera by Cummins and Isuzu to launch battery-electric F-series in North America • Business Wire • 05/14/2024 12:44:00 PM
- Accelera by Cummins and Isuzu will Collaborate on Battery Packs for Light Duty Vehicles • Business Wire • 05/14/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 04:42:24 PM
- Cummins and Isuzu Motors Limited Introduce New 6.7-Liter Engine for Japan, Southeast Asia and Other Global Markets • Business Wire • 05/13/2024 12:32:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/10/2024 08:32:20 PM
- Mohr Logistics Park signs 1 million square foot lease with Cummins Inc. • PR Newswire (US) • 05/09/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 06:11:34 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 08:11:55 PM
- Accelera Battery System to Power BMC Otomotiv Electric Transit Buses in Europe • Business Wire • 05/07/2024 12:00:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/06/2024 08:00:05 PM
- Cummins, Verizon Business ink groundbreaking deal for combo Neutral Host + Private 5G network • GlobeNewswire Inc. • 05/06/2024 01:30:00 PM
- Cummins Reports First Quarter 2024 Results • Business Wire • 05/02/2024 11:30:00 AM
- Cummins Promotes Alison Trueblood to Vice President – Cummins Emissions Solutions • Business Wire • 04/30/2024 02:59:00 PM
- Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates • IH Market News • 04/22/2024 12:09:21 PM
- Cummins Announces Final Results of Exchange Offer and Finalizes Separation of Atmus Filtration Technologies Inc. • Business Wire • 03/18/2024 06:59:00 PM
- Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer • Business Wire • 03/14/2024 12:39:00 PM
- Accelera fuel cells power locomotive in Austrian project HY2RAIL • Business Wire • 03/13/2024 11:00:00 AM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/11/2024 09:22:47 PM
- Cummins Announces Final Exchange Ratio of 12.0298 in Split-Off of Atmus Filtration Technologies Inc. • Business Wire • 03/11/2024 09:15:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/11/2024 09:14:14 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/08/2024 10:00:24 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/07/2024 09:54:03 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/06/2024 10:02:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:03:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:03:01 AM
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