Cummins (CMI) Offering Possible 40.85% Return Over the Next 19 Calendar Days

Cummins's most recent trend suggests a bullish bias. One trading opportunity on Cummins is a Bull Put Spread using a strike $144.00 short put and a strike $139.00 long put offers a potential 40.85% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $144.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $139.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Cummins is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Cummins is bullish.

The RSI indicator is at 79.95 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cummins

Cummins Launches QSK50 Optimized for Variable Speed Diesel Electric Applications
Mon, 03 Nov 2014 13:34:36 GMT
noodls – CHARLESTON, S.C., Nov. 3, 2014 /PRNewswire/ — Cummins Inc. (NYSE: CMI) a leading manufacturer of diesel engines for the commercial marine industry, is pleased to announce the availability of the QSK50 …

Cummins Launches QSK50 Optimized for Variable Speed Diesel Electric Applications
Mon, 03 Nov 2014 13:30:00 GMT
PR Newswire – CHARLESTON, S.C., Nov. 3, 2014 /PRNewswire/ — Cummins Inc. (NYSE: CMI) a leading manufacturer of diesel engines for the commercial marine industry, is pleased to announce the availability of the QSK50 …

10-Q for Cummins, Inc.
Sat, 01 Nov 2014 00:08:27 GMT

Cummins Inc (CMI) Earnings Report: Q3 2014 Conference Call Transcript
Wed, 29 Oct 2014 14:20:00 GMT

Will This Price Target Increase Help Cummins (CMI) Stock Today?
Wed, 29 Oct 2014 13:32:00 GMT

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